Quibi’s investors want their money back

Hi! Welcome to the Insider Advertising daily for October 23. I’m Lauren Johnson, a senior advertising reporter at Business Insider. Subscribe here to get this newsletter in your inbox every weekday. Send me feedback or tips at ljohnson@businessinsider.com.

Today’s news: Quibi’s investors want their money back, Facebook’s Carolyn Everson talks about the recent advertiser boycott, and GroupM global CEO Christian Juhl makes the case for a new ad model.


Chrissy's Court Quibi Chrissy Teigen

Still from “Chrissy’s Court” on Quibi.
Quibi

A Quibi investor says the startup should have tried to ‘fight more’ but that he’ll be happy if he can get 50% of his investment back

Read the full story here.


Carolyn Everson

WASHINGTON, DC – OCTOBER 11: Vice President, Global Marketing Solutions, Facebook Carolyn Everson speaks onstage at the Fortune Most Powerful Women Summit – Day 3 on October 11, 2017 in Washington, DC.
(Photo by Paul Morigi/Getty Images for Fortune)

‘I don’t care who takes credit’: Facebook’s head of ad sales describes lessons the company learned from the summer ad boycott

Read the full story here.


christian juhl

GroupM

The global CEO of GroupM: Brands need to put more media dollars toward making a positive social and environmental impact and less on funding hate speech

Read the full story here.


More stories we’re reading:

Thanks for reading and see you on Monday! You can reach me in the meantime at ljohnson@businessinsider.com and subscribe to this daily email here.

— Lauren

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