I agree with you, but recently started a Distillery and I’m able to get a positive Roi from Facebook ads. To be fair, I have a very compelling offer. Also to be fair, it’s the first time I’ve ever made something that can generate a positive Roi so your point stands.

The hard part for advertisers is there’s very few options to get your message out these days as traditional media has died and people spend so much if their lives on their phones.

Also I think it’s worth noting that if you are on Lemmy you are probably in a class of more savvy and - dare I say - intelligent than the average bear scrolling Facebook.

People like you and I are very rare. Advertising is effective. About 5% of people buy something because of any given ad (if you think about it, even we can probably admit to buying something now and then after seeing an ad). If you pay a little to reach millions of people, that converts into a really good ROI.

Seeing that so much of the traffic on the big social media sites these days is bots, I’m thinking the day that bubble pops is close. Advertisers tend to get upset if they’re spending good money to serve ads to bots that will never buy anything. That, and ad-blindness like you mentioned, and blowback because ads are getting really fucking obnoxious right now. And with Elon’s platforming of hate, and Reddit’s nerfing of moderators, advertisers are going to see their ads displayed next to some nazi toxicity, and that’ll make them upset.

The advertisers will run their analytics, and find that the ads they’re paying for are doing less and less in terms of actually getting people to buy,

No ROI?? Google 60b, Apple 99b, msft 72b. You are delusional.