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Re:Reddit raises $410M in new funding by nradov on Thursday August 12, 2021 @12:15PM (#28158116)
While older consumers do have more money to spend, most advertisers prefer to target younger consumers. The thinking is that boomers already have established brand preferences and spending patterns so it's much harder to convert them into new customers.
Re:Reddit raises $410M in new funding by xkjkls on Thursday August 12, 2021 @04:43PM (#28161182)
This is only really true for television advertising, since most of it is brand building, instead of "click here and buy now" online.