Will Snapchat and Pinterest benefit from advertiser frustrations?
Facebook Ads has earned a reputation for being particularly glitchy and unpredictable. Over the past 12 to 18 hours, many advertisers experienced issues with temporary ad disapprovals and accounts being disabled.
I'm just sitting in front of the computer watching accounts be disabled one by one.
— Ameet Khabra (she/her) ✊✊🏻✊🏼✊🏽✊🏾✊🏿 (@ameetkhabra) November 6, 2020
Another agency I spoke with Friday morning said roughly 10 to 20% of its client accounts experienced issues last night.
Facebook confirmed the problem at 11:15 p.m. EDT Thursday. “There was a technical issue that caused some FB ads & ad accounts to be mistakenly disabled,” Rob Leathern, Facebook director of product management, said on Twitter. “We identified and resolved the issues within a couple of hours, and access should be restored.”
There was a technical issue that caused some FB ads & ad accounts to be mistakenly disabled. We identified and resolved the issue within a couple of hours, and access should now be restored
— Rob Leathern (@robleathern) November 6, 2020
Opening a door to other channels?
The ongoing platform problems have some social media buyers looking at alternative channels. Clients are starting to prioritize channel diversification, noted Johnson.
“It’s a good time to start testing other traffic sources,” said Adomas Pranevicius at Lastclick.media, adding that he’s looking at Pinterest Ads. Snapchat also stands to gain from advertisers concerned about the stability of the Facebook Ads platform.
Snapchat and Pinterest have been investing in direct response ad solutions and both reported strong revenue growth for the third quarter. Snapchat revenue increased 52% year-over-year to $679 million, and Pinterest revenues grew 58% year-over-year to $442 million. That’s far (far) shy of Facebook’s ad revenues for the quarter, which totaled more than $21 billion, but the growth suggests advertiser appetite for diversifying.
Pinterest cited its brand safety appeal on its third-quarter earnings call, hinting perhaps that it benefited from the Facebook Ads boycott, “[W]e continue to benefit from marketers who are prioritizing positivity and brand safety,” said Pinterest CFO Todd Morgenfeld. “Advertisers tell us that Pinterest is brand safe relative to other consumer internet platforms. And we’ve benefited from this in Q3.”
But the relative instability of the Facebook Ads platform might also play a role in driving Pinterest and Snapchat advertising growth.
Meanwhile, back on Facebook, “[T]his definitely makes the case for advertisers getting well-ahead of ad builds as we get closer to Black Friday and Cyber Monday,” said Johnson.
This story first appeared on Search Engine Land.
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