Elon Musk-owned X Corp has reportedly launched clickbait ads that users cannot block or report, leaving them flummoxed at the new, annoyed way of making money on the platform.
IANS reported that X users now see “unlabeled ads in their feeds” while scrolling.
When users tap on those ads they take them to third-party websites, with no way to block or report them.
“The new ads also don’t disclose who the advertiser is or that they are even ads,” the report mentioned.
“Multiple X users have reached out to Mashable over the past few days to report seeing a new type of ad in their For You feed that they had not previously come across on the platform”.
These new X ads don’t allow users to like or retweet the ad posts. The new ad format also doesn’t disclose who is behind the ad.
The type of content being promoted in the ads “appear to be consistent with ads found in spammy, low quality ‘chumbox’ advertising”, the report noted.
These ads are now being served to users on the X mobile apps.
In order to deal with declining ad revenue, X has partnered with third-party advertisers.
Unlike normal ads that are just posts from X accounts and have an “Ad” label, these new ads have no account associated with them.
X CEO Linda Yaccarino said last month that the company will be profitable by early 2024, adding that the platform may now have 200-250 million daily active users.
Yaccarino said that “90 per cent of the top 100 advertisers have returned to the platform in the last 12 weeks alone.”
According to her, about 1,500 advertisers have returned to the platform.
X is yet to announce an annual profit in its 13 years, and has struggled to maintain profitability.
‘Ramayana’ producer Malhotra likens film to ‘Avatar’, ‘LOTR’, ‘Odyssey’
Bombay HC protects ‘Ramayana’ from piracy
CEO Jassy says Prime Video gains profit; bullish on ad momentum
JioStar Q2 revenue up 10.1% to Rs 6,806cr. despite weak ad environ
Google brings AI Mode ads to India, 9 other markets
Of Jio listing, tears, party…and RIL’s combined $320bn market cap
ITU says despite 6.3bn people now online digital divide persists
Eros Innovation, Tourism Ministry sign pact for 50 promo films
Is Jio exploring tech-for-equity deals with US’ Comcast, Charter Comms?
Much anticipated ‘Ramayana’ targets Rs 75-100cr. opening
NBCUniversal invests in microdrama platform Story TV’s parent EloElo 

