Latest Advertising and marketing industry News

US Soccer Federation hires ad tech company cofounder as CEO

Sep. 26, 2022 19:53 PM EDT

CHICAGO (AP) — JT Batson, cofounder of the advertising technology company Hudson MX, was hired Monday as CEO and secretary general of the U.S. Soccer Federation. The 40-year-old replaces Will Wilson, the uncle of former Indianapolis Colts quarterback Andrew Luck. Wilson announced...

Facebook parent Meta posts first revenue decline in history

Jul. 27, 2022 18:51 PM EDT

Meta, the parent company of Facebook and Instagram, posted its first revenue decline in history Thursday, dragged down by a drop in ad spending as the economy falters — and as competition from rival TikTok intensifies. The results largely followed a broader decline in the digital...

Google's parent reports slowest quarterly growth in 2 years

Jul. 26, 2022 18:30 PM EDT

SAN FRANCISCO (AP) — Google’s revenue growth during the past quarter decelerated to its slowest pace in two years as advertisers reined in their spending amid intensifying fears of an economic recession. The regression reported Tuesday by Google’s corporate parent, Alphabet,...

Baidu unveils latest autonomous electric vehicle: Apollo RT6

Jul. 20, 2022 23:52 PM EDT

HONG KONG (AP) — Baidu, a Chinese search engine and artificial intelligence firm, unveiled its latest electric autonomous driving vehicle on Thursday. The Apollo RT6 will be soon be part of Baidu's robotaxi fleet, as China pushes forward with its autonomous driving ambitions. It...

Looming Musk-Twitter legal battle hammers company shares

Jul. 11, 2022 17:46 PM EDT

NEW YORK (AP) — Shares of Twitter slid more than 11% in the first day of trading after billionaire Elon Musk said that he was abandoning his $44 billion bid for the company and the social media platform vowed to challenge Musk in court to uphold the agreement. Twitter is now...