Adam Foroughi describes the demographic profile of mobile casual gamers while explaining how AppLovin leveraged its user base to expand from gaming ads into e-commerce.
Opinion
Foroughi: Non-AI-native legacy companies must replace nearly everyone to successfully adapt
“Technically you almost have to replace near everyone and rebuild the culture up to be able to deal with the world as it is today, but that's not really possible for most companies. And so there's no clear answer for how those companies can get there.”
Insight
Foroughi: AI cannot yet autonomously generate high-performing long video ads
“It's not at a place where you're just going to get a massive amount of inflow of advertisements that are diverse and creatively inspired and going to create lifts and campaigns, but their tools are available now so that humans can create ads much faster and mu…”
Disclosure
AppLovin halted investor relations for over a year during its market bottom
“We actually didn't do any investor relations for well over a year at the bottom, because what were we going to convey to investors is we're rebuilding our technology stock is dirt cheap, but nobody buys something that's dirt cheap.”
Prediction Not checkable as stated
Foroughi: AI chatbots will not eliminate ad-driven e-commerce
“We get questions like, well, isn't the chatbot going to tell everyone what to buy and just complete the transaction and no one will ever do e-commerce off of an ad again. And what that leaves a sight of is that people actually like to shop and people want to l…”
Prediction Not checkable as stated
Foroughi: Public will not support AI without use cases beyond search
“Until people start understanding what the average person can have as positive use cases that are incremental to search, they're not going to be proponents of AI, and there's no reason to expect them to be.”
Insight
Foroughi: Unprofitable Advertising Companies Should Not Be in Business
“An advertising company, if you can't make money, then you probably shouldn't be in business. Doesn't make any sense, because you're trying to deliver value to advertisers, you get paid for the value you deliver, and in theory, that should generate you somethin…”