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The rise of 'conspicuous waiting': The 19th-century economic theory that explains why Gen Z posts their place in line

2

Tim Cook signed off on his final Apple earnings call with a warning about a ‘100-year flood’ in memory chip pricing

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He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

While Everyone Focuses on Trump’s Tweets, His Campaign Focuses on Facebook

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Erin Corbett
Erin Corbett
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By
Erin Corbett
Erin Corbett
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March 19, 2019, 12:05 PM ET
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President Donald Trump is spending millions of dollars on Facebook and Google ads as his re-election campaign gears up for the 2020 election.

The Trump team has spent more than double what Democratic contenders combined have on these ads, according to Bully Pulpit Interactive. The Washington D.C., communications agency’s tally is based on data from Facebook and Google’s political ad transparency reports.

Between Dec. 30, 2018, and March 10, 2019, the Trump campaign spent $3.5 million on Facebook ads, and another $1 million on Google ads. For reference, in the same period, Massachusetts Sen. Elizabeth Warren spent $595,000 in total as the top ad-spending Democratic candidate on Facebook and Google.

“This is an unprecedented level of investment this early, and especially from an incumbent President,” Mike Schneider, a partner at Bully Pulpit Interactive told Axios. Jessica Alter, the co-founder of Tech for Campaigns added that candidates right now are going to where the voters are, many of whom are active on social networking sites like Facebook, Instagram, and WhatsApp.

Trump’s campaign is being led by Brad Parscale, an American digital consultant who has worked for the campaign even before Trump officially announced his 2016 White House bid. At the time, Parscale told Wired that the social media network helped generate almost $250 million in online fundraising.

“Our biggest incubator that allowed us to generate that money was Facebook,” Parscale said. “Facebook and Twitter were the reason we won this thing.”

According to Parscale, Trump was a “perfect candidate” for Facebook because his content serves as clickbait. Facebook rewards engagement, and Trump’s content engaged a lot of Facebook users, so his ads also cost less.

 

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