Meta’s ‘set it and forget it’ AI ad tools are misfiring and blowing through cash
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- Meta's AI Ad Platform Reportedly Causes Overspending and Poor Performance
event | 27 May 2024 | 78%
Meta's automated ad platform "Advantage Plus" caused advertisers to exceed their daily ad budgets. The cost per impressions (CPMs) surged far above the usual. This incident, which persisted into April, affected small businesses with overspending and lack of transparency.