News for hackers. Stuff that matters.
Re:Instagram Is Estimated to Be Worth More Than $100B by Rjevski on Tuesday June 26, 2018 @01:09PM (#17402319)
Is your product that bad that you have to spend millions on ads just to get people interested in it?

If I had to pay millions to shove my product in people’a faces because that’s the only way to get them to use it, I would reconsider whether my product should even exist.

Re:Instagram Is Estimated to Be Worth More Than $100B by xkjkls on Tuesday June 26, 2018 @01:18PM (#17402401)
Does Coca-Cola suck? They spend billions a year on advertising.

Demand for different products is generated very differently depending on the product. Some things travel by word of mouth, some things don't.

Re:Instagram Is Estimated to Be Worth More Than $100B by Rjevski on Tuesday June 26, 2018 @01:48PM (#17402644)
Billions a year is their entire advertising budget, and a lot of it is print & TV advertising which is orders of magnitude more expensive than web. Not saying I agree with that either (I wish all advertising would just die in a fire), but it’s not as bad as the above.

The comment I was criticising claimed they were spending millions a month on FB & Insta only, which seems astronomical and raises some concerns about whether the product provides any value at all.

Re:Instagram Is Estimated to Be Worth More Than $100B by soared on Tuesday June 26, 2018 @02:13PM (#17402828)
> raises some concerns about whether the product provides any value at all.

How? Spending on fb/insta is no different than print & tv. Air BnB ads are probably 5x as effective on FB than on a billboard, how does that say anything about their product?

Re:Instagram Is Estimated to Be Worth More Than $100B by Rjevski on Tuesday June 26, 2018 @02:18PM (#17402871)
Print & TV ads don’t stalk me everywhere I go nor steal my personal information so I don’t mind. They are also vetted by the publisher to weed out bad actors so there’s a low risk of scamming.

Web ads, on the other hand...

Re:Instagram Is Estimated to Be Worth More Than $100B by skinnymuch on Wednesday June 27, 2018 @02:41PM (#17410670)
What does any of this have to do with the how good or bad the advertised product is? Especially of the original poster?
Re:Instagram Is Estimated to Be Worth More Than $100B by soared on Tuesday June 26, 2018 @02:22PM (#17402890)
None of that speaks to the quality of the product being advertised.
Re:Instagram Is Estimated to Be Worth More Than $100B by Rjevski on Tuesday June 26, 2018 @02:33PM (#17402975)
Vetting by the publisher at least sets a minimum bar that isn’t there with web.

I don’t see obvious scams, phishing or malware being advertised on TV or print, but I saw a lot of them back when I was on Facebook, and even reporting them didn’t do anything.

Re:Instagram Is Estimated to Be Worth More Than $100B by danpalmer on Tuesday June 26, 2018 @02:02PM (#17402762)
A budget of some number of hundreds of thousands per month is fairly common. People who work on multiple contracts like that are common, so people working on multiple millions of spend per month isn’t a strange thing at all.

Most companies do paid marketing. I’d also suggest there are probably many things that you think of as general promotion (events, sponsorships, talks, community engagement, more) which are in fact brand marketing, and that for most companies brand marketing is an inefficient use of funds compared to performance marketing.

Re:Instagram Is Estimated to Be Worth More Than $100B by cm2012 on Tuesday June 26, 2018 @01:13PM (#17402357)
Very few companies can get away with not having paid advertising. Likely, some of your favorite tech (and non-tech) products do a lot of it.
Re:Instagram Is Estimated to Be Worth More Than $100B by skinnymuch on Wednesday June 27, 2018 @02:40PM (#17410663)
You realize that they are likely making a profit on that millions in spend. If the product is so bad, that normally wouldn’t be possible.

You seem to have a very misaligned thought on why advertising occurs and why it works, especially for a relative small timer like the poster (since a couple million is a drop in the bucket for IG/FB).

Re:Instagram Is Estimated to Be Worth More Than $100B by pentae on Tuesday June 26, 2018 @02:56PM (#17403156)
Nice ideology. I guess you'll need to stop using all your favourite products - wouldn't want to be a hypocrite, right?