;fill-opacity:1'/%3e%3cpath%20fill='%230f0f0f'%20d='m14.354%2019.12.274-6.354-4.114.548-3.565%201.04.274%203.074%202.194%203.017%202.469-.274zm3.566-2.789%201.37%203.017h3.017l2.194-.274%201.097-3.84.275-3.291-4.663.274-3.565%201.04z'%20style='fill:%230f0f0f;fill:color(display-p3%20.0588%20.0588%20.0588);fill-opacity:1'/%3e%3cpath%20fill='%23f3ea37'%20d='M27.738%2011.36c-.209-.229-8.8-.877-9.746.454-.445.627-.806%201.543-1.612%201.65-.806.105-1.21-1.577-2.245-1.824-1.036-.246-9.783%202.033-10.03%202.595-.246.56-.019%201.894.26%202.068.276.177%201.318-.42%201.567-.233.246.188%202.295%204.564%202.734%204.933.44.37%205.4-.246%205.82-.84.42-.598%201.088-4.278%201.3-4.666.21-.386%201.087-.702%201.403-.14.316.56.84%204.166%201.42%204.532.578.367%205.645.464%206.363-.184.72-.649%201.628-5.775%201.837-6.056.212-.281%201.02-.292%201.144-.573.12-.279-.003-1.49-.215-1.717M13.843%2019.1c-.316.578-3.682%201.237-4.365.971-.683-.262-2.735-4.392-2.341-5.26s6.548-2.21%207.127-1.708c.581.5-.104%205.418-.42%205.996m10.454-.103c-.185.185-4.457.34-4.904-.029s-1.13-5.581-.659-5.972c.474-.392%206.444-.558%206.838%200%20.396.554-1.09%205.817-1.275%206.001'%20style='fill:%23f3ea37;fill:color(display-p3%20.9529%20.9176%20.2157);fill-opacity:1'/%3e%3c/svg%3e)
;fill-opacity:1'/%3e%3cpath%20fill='%23000'%20fill-rule='evenodd'%20d='M7.249%203.2c.469%200%20.85.38.85.85v3.893l1.873%201.874a.849.849%200%201%201-1.2%201.2L6.896%209.145A1.7%201.7%200%200%201%206.4%207.943V4.049c0-.469.38-.85.849-.85'%20clip-rule='evenodd'%20style='fill:%23000;fill-opacity:1'/%3e%3c/svg%3e)
;fill-opacity:1'/%3e%3c/svg%3e)
Tim Hwang discusses the risks of 'programmatic advertising' and its impact on online revenue, emphasizing the importance of independence from tracking and concentration.
Tim Hwang on the consequences of online advertising collapse
Loading comments...
;fill-opacity:1'/%3e%3cpath%20fill='%23fff'%20d='M30.21%2019.84A15.2%2015.2%200%200%200%2038.334%2028H30.21zM58.095%2028H49.97a15.2%2015.2%200%200%200%208.125-8.16zM38.335%200a15.2%2015.2%200%200%200-8.126%208.158V0zm19.76%208.158A15.2%2015.2%200%200%200%2049.97%200h8.125z'%20style='fill:%23fff;fill-opacity:1'/%3e%3c/svg%3e){kind=small}
![Cinema Advertisements [VCR-LP SECAM]](https://static.tom3.com/lazy-static/thumbnails/6afe6a4c-4f63-4c94-8b4f-91dfc629ef06.jpg?preview=9b149aa6-47cb-4d55-93ce-81416256e74a)
