For the past few years, Chevrolet has ran a series of ads that feature “real people, not actors” staring in awe as they look at and listen to facts about Chevy cars. These televised focus groups are filmed on sets outfitted with enormous doors and spinning elevators that reveal the vehicles in grand fashion. All the while a friendly host tells the onlookers about how many J.D. Power awards Chevy has won along with other details about the brand. Whenever Continue reading
While retailers have seen sales drop in the years since the Great Recession, restaurants have largely enjoyed a boom time. American eateries benefitted from a shift in consumer spending habits away from products and towards “experiences” like meals and travel. And as demand increased, so did the supply of restaurants. Chipotle, for instance, has added 57 stores so far this year on top of the 240 locations it opened in 2016.
The burrito chain’s aggressive expansion is even more astounding Continue reading
With 158 million users and a $25 billion valuation, the photo and video sharing app Snapchat has grown into one of the most powerful social networks around. Still, just because the app is popular doesn’t mean it’s guaranteed to become a moneymaker. Twitter, for instance, has more than 300 million users and has struggled to be profitable for years. So in order to become a true tech giant, Snapchat is teaming up with old media firms to create original content Continue reading
Last year, the startup Juicero surprised many in the tech world by becoming one of the industry’s most talked about gadget companies. Venture capitalists invested more than $120 million in the enterprise based on the promise of its $400 Internet-enabled juicing machine. Working sort of like a Keurig coffee maker, the device uses single-serving packets of chopped fruits and vegetables to make cold-pressed juice. Just insert a packet, press a button, and out comes a refreshing beverage without any fuss. Continue reading
This week United Airlines has faced a surge in public anger following the release of a video that showed a passenger being dragged off of an overbooked flight. Along with its plummeting reputation, the company’s stock price has also experienced quite a bit of turbulence since the incident. At its worst point United shares fell 6.3 percent, reducing the the airline’s market value by $1.4 billion. United’s CEO has repeatedly apologized for the way the company handled the situation Continue reading
On Monday morning, people across the world woke up to find a disturbing video circulating in their social media feeds. The clip showed two men forcibly grabbing a passenger out of his seat on a United Airlines flight and then dragging his body down the aisle. Blood ran down the victim’s face and fellow passengers screamed in horror. Soon the video went viral as millions of social media users directed their outrage towards United for allowing this brutal incident to Continue reading
By the end of the year, the photo sharing app Instagram expects to earn $3 billion from ad sales. That’s a huge jump from the $60 million the social network made in 2015. In that time, Instagram has collected more than 600 million users, a number bested only by its parent company Facebook. About 8 million of these accounts belong to companies who use the platform primarily for promotion.
Soon, though, some brands will be able to develop closer relationships Continue reading
Since YouTube’s founding, the video s
haring site has prided itself on being a platform that anyone can use to express themselves. This concept catapulted the site to instant success and led to a $1.65 billion buyout from Google in 2006. Along with becoming one of the search engine giant’s most lucrative advertising outlets, YouTube is also the most valuable video platform on the Internet by far.
Despite this lofty status, though, major advertisers like AT&T, Lyft and Johnson & Continue reading
Unlike last year’s dominating display by Denver, Super Bowl LI provided viewers with plenty of drama as Tom Brady led the New England Patriots to a historic comeback victory. And like the big game, there were winners and losers on the ad front as well. According to USA Today’s annual Ad Meter poll, the top rated spot of the evening belonged to Kia’s “Hero’s Journey.” In the clip, Melissa McCarthy tries her best to save the planet only to Continue reading