Authored by Chris Macintosh via InternationalMan.com,
You’ve likely heard about peaks in markets often coinciding with magazine covers saying the opposite.
Well, this is simply a representation of zeitgeist.
Another representation of zeitgeist is advertising at the Super Bowl.For long-time readers, you may recall our selling Bitcoin way back before it nosedived. We highlighted that at the time there were crypto ads running wild at the Super Bowl. We even had Matt Damon shilling crypto. Remember that? Fun times.
Well, you know what dominated this year’s Super Bowl? AI. It was in fact the single largest concentration of AI advertising in television history. Ain’t that something.
16 tech companies bought Super Bowl ads: OpenAI, Google, Amazon, Meta, Anthropic, Genspark, Base44, Rippling, Ramp — and more.
Tech ad spending is double what it was during the 2022 “Crypto Bowl.”
And here we are again. Just with AI.
2000:The Dot-Com Bowl. 14 internet startups bought Super Bowl ads at $2.2 million per spot. Pets.com spent $1.2 million on that ridiculous but now-famous sock puppet commercial. Ten months later it joined Elvis. The stock went from $11 to zero. Eight of the 11 startups that advertised were bankrupt or sold for cents on the dollar within a year.
2022:The Crypto Bowl. FTX, Coinbase, Crypto.com, and eToro collectively spent $54 million on Super Bowl ads. Nine months later, FTX was bankrupt and Coinbase shares fell 70% within a year. By the time the next Super Bowl rolled around, crypto had zero representation.
Source: ZeroHedge News
