Kevin Frisch, the former head of performance marketing and CRM at Uber, told the tale of how ad fraud (specifically attribution fraud) ate at least $100 million of Uber's $150 million online ad budget...
"We turned off 2/3 of our spend, we turned off 100 million of annual spend out of 150, and basically saw no change..."
Most "performance marketers" have no idea how deeply they're being penetrated by online ad fraud. They don't even know where to look. They have no clue how untrustworthy or irrelevant the numbers they're getting are. Listening to Frisch tell his story brings it all to life.
Perhaps the most deeply disturbing aspect of his story was his description of how nobody gave 1/10 of a flying shit how much money was being pissed away.
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