Some highlights from this week:
- The programmatic giant MediaMath cut 8% of its staff, and the remaining employees are getting a 10% pay cut.
- Programmatic spending has started to rebound in May. MediaRadar says that digital ad spending declined 9% YOY in May, which is an improvement as compared to the 34% YOY drop in March. Pubmatic says that programmatic ad spend rose 14% in May compared to April.
- On one day, Joe Biden spent $1.6 million just on Facebook ads last Thursday–yes, just on one day.