Meta's ads tools started switching out top-performing ads with AI-generated ones

Not sure if that was an attempt to reduce my argument to an absurdity.. but now we can see many of those things evolve and adapt in real time with lots of testing to reach their maximum potential.

I have spent over $100k of my own money running ads on Meta, over $10k on Linkedin, and also significant amounts on Google (GDN/Youtube/keyword search) and X/Twitter.

My experience:

For most ad campaign types, YES, Meta works far better than any alternative.

In my view, this is because its underlying machine-learning algorithms are better. Not the generative AI mentioned in the article, but the core ML-based learning strategy that every modern ad platform has been based on for over a decade now, allowing it to learn to find buyers for whatever you are selling. Meta is just better at that than anyone else - far better. And has been for years.

Linkedin is quite interesting and can reach audiences no other ad platform can. The problem with LI is that it is tremendously expensive. Think $50-200 per qualified lead, so it only makes sense for very high ticket offers. I've never been able to make LI ads work for lowticket offers (i.e. under $500 gross margin per sale).

I have attempted to run ads on X/twitter several times in the past 5 years, and each time gave up because of how terribly it performed. Literally zero sales from the ad spend, using the exact same ads which worked great on Meta. X is kind of infamous among media buyers for how bad it is. But I haven't tried it in over 8 months, so maybe it has gotten better now. Grok/xAI is quite good, so I am not sure why they haven't made the X ad platform a priority. If they did, I bet they could eat Meta's lunch.

Google is really 3 ad platforms: Youtube, Google Display Network (GDN), and keyword search. These are all radically different in many dimensions; the only thing they have in common is that Google lets you set them all up through the same web interface.

Mostly I run ads selling mid to high-ticket stuff to sophisticated buyers, and I think most of those people have Youtube Premium, which makes YT ad-free. So I haven't tried running ads on Youtube much. My media buyer colleagues who are into it are mostly selling mass-market offers that most people on HN would consider kind of scummy. They tell me it can work well, but requires a lot of ad spend over weeks to start working. In contrast, I can often get a Meta ad campaign profitable within 48 hours.

Keyword search works great, but only for "bottom of funnel" buyers (i.e. people who are actively looking for a solution they can pay for right now). There are only so many of those, so generally you cannot scale up ad spend (and thus absolute profit) very high. In contrast, Meta can create new "top of funnel" buyers, which is a larger audience by many orders of magnitude, which allows you to ramp up some Meta campaigns to a very high level of profitable ad spend.

GDN has been tricky for me. I think it has a lot of potential, but it has a very different model, and so far I have not been able to make it profitable for my offers. It certainly seems easier to set up a successful campaign with Meta.

Short answer to your question: Yes, even with the things the article is justifiably griping about, Meta is just way, way better than any alternative right now.

We tried these AI-produced ads. They produced gibberish. Random mutations of our existing ads with nonsensical words and the desired actions just permutated.

> I'm a big fan of podcasts; this year I've heard multiple podcasts that I listen to say that the bottom fell out of podcast ad sponsorship money and they lost a lot of funding. Many were looking for alternative ways to fund their podcasts like selling monthly subscriptions.

This has happened to a bunch of youtubers I follow recently as well! They mentioned youtube funding all but dried up as advertising dollars moved to more short-form content. I've heard maybe 5-8 of them mention it.

A lot of people are also assuming intentional malice here when incompetence/lack-of-care is the main issue.

If people saw how things are done at Meta, you wouldn’t be surprised. A lot of the stuff is functionally broken due to a lack of care from the top level. Your VPs and above just do not give a shit about quality whatsoever. This thing fucking prints money like crazy. Also, preventing loss of revenue and/or customer satisfaction is not a top level priority.

I think people also don’t understand how much bigger companies spend. They absolutely dwarf all the smaller businesses out there and Meta doesn’t have a ton of interest in spending time on customers who are just as likely to go out of business next year as they are to increase their budget a tiny bit.

And the top businesses have a completely different flow. These guys are spending hundreds of millions to billions - not a 100k over several years lol.