How Fake Followers Are Costing Brands $1.3 Billion a Year

Katie Powers writes on ama.org about how fake-follower fraud in influencer marketing is hitting brands hard. In 2019, influencer marketing spend has already reached the lofty heights of $8.5 billion. That figure is expected to top the $10 billion mark in 2020. It seems that, despite a constant buzz of debate around influencer marketing effectiveness, brands are still keen to associate themselves with prominent social media figures. $1.5 Billion by 2020 Wasted on Fraudulent Influencers According to the research carried out by Cheq and Roberto Cavazos, a professor at the University of Baltimore, $1.3 Billion of influencer spend is being ...