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South Africa’s Flow gets funding to automate social media advertising for real estate agencies

TechCrunch

And it’s evident that proptech, unlike other industries, has lagged in utilizing social media to make sales. With its APIs, Flow connects to the websites of estate agencies and property developers and automates advertising for them on social media channels like Instagram and Facebook.

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Elon Musk says ‘go f**k yourself’ to advertisers leaving X

TechCrunch

Elon Musk said “go f**k yourself” to advertisers who recently paused spending on X after he endorsed an antisemitic conspiracy theory on the platform. Onstage at the DealBook conference, Andrew Ross Sorkin asked the X owner about these pauses in advertising. Musk replied, “Don’t advertise.”

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Apple to pause advertising on X after Musk endorses antisemitic post

TechCrunch

One of X’s key advertisers, Apple, will pause its advertising on the platform, according to a report from Axios. Apple follows in the footsteps of advertisers like IBM and the European Commission, who have suspended ads on X amid increased on-platform antisemitism.

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Is the advertising market in trouble?

TechCrunch

Snap, the parent company of the popular Snapchat social media service, reported earnings last week that investors rejected. Snap was not the only victim of its lackluster earnings digest — other companies that make money off of advertising incomes saw their share prices dip on concerns that the social network was not an outlier.

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AI platform to analyze creative advertising raises $5.1M from investors, including a16z

TechCrunch

While its main competitors include VidMob, Replai, and Vizit, Alison AI says it can allow advertisers to “see which creative elements had the biggest impact on their competitor’s creatives,” for instance, says Asaf Yanai, co-founder and CEO. AI platform to analyze creative advertising raises $5.1M

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Stealth startup Favs raises ~$1M for its close-friends-only social network

TechCrunch

Over the years, social media has moved further and further away from its original value proposition of being a network where you could keep up with close friends and family in a private space. Instead, today’s apps are entertainment giants, filled with creator content, multimedia and brand advertisements.

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Social Chat launches with $6M to bring brands closer to their customers

TechCrunch

When brands sell through social media and other third-parties, they often spend millions of dollars to advertise on those platforms, yet have little or no knowledge of who their customers actually are. Social commerce startup Social Chat is out to change that. Image Credits: Social Chat.

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