A History of Ad Tech Chapter 3: The Holdcos Strike Back
Briefly

The New York Times on April 4 noted how DoubleClick - a company "which delivers marketing messages to Web sites and monitors how many clicks they get" - planned to launch an ad exchange.
Ad networks - typically sources of aggregated inventory from long-tail publishers - were the initial scaled customers of ad exchanges. However, this would change as the programmatic era took hold, and several tech standardizations helped spur the programmatic era.
Read at Digiday
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