Tech Stories Tech Brief By HackerNoon

Does the Advertising Industry Give Any Value Back to the People?


Listen Later

This story was originally published on HackerNoon at: https://hackernoon.com/does-the-advertising-industry-give-any-value-back-to-the-people.


Considering that 1/5 of the country's GDP is attributable to advertising, do you think it is worth the cost of not advertising? For me, the answer is obvious.
Check more stories related to tech-stories at: https://hackernoon.com/c/tech-stories.
You can also check exclusive content about #programmatic-digital-ads, #ads, #programmatic-ads, #advertising, #advertisement-platforms, #business, #digital-advertising, #digital-marketing, and more.


This story was written by: @agranovskiy. Learn more about this writer by checking @agranovskiy's about page,
and for more stories, please visit hackernoon.com.


Internet advertising contributes, on average, 1.5% or more (depending on the country) to the global economy, which amounts to hundreds of billions of dollars per year. Meanwhile, in 2020, in the US, 19.4% (or $7.1 trillion) of sales activity was driven by advertising, including both directly stimulated sales and stimulated sales activity. Advertising activity supported $3.9 trillion (or 18.5%) of the $20.9 trillion US GDP in 2020.
Considering that 1/5 of the country's GDP is attributable to advertising, do you think it is worth the cost of not advertising? For me, the answer is obvious.

...more
View all episodesView all episodes
Download on the App Store

Tech Stories Tech Brief By HackerNoonBy HackerNoon