The ‘Great Reset’ Super Bowl: Firms That Cashed In on COVID Lockdown Go Long With Ads

The raft of new brands in this year’s Super Bowl advertising line-up may reflect a sea-change in the US economy as it looks to emerge from the pandemic lockdown. Stalwart Budweiser has pulled out — as bars and restaurants face mandatory closure — to be replaced by online retailers and gig economy labour brokers.

The 55th Super Bowl will see a new crop of advertisers, with regulars Budweiser, Coke and Pepsi replaced by online retailers that grew fat on the COVID-19 pandemic.

Last year’s winners the Kansas City Chiefs — facing accusations of racism for their moniker and stereotypical war chant song — will face off against the Tampa Bay Buccaneers on Sunday at the Raymond James Stadium in Tampa.

New e-commerce advertisers willing to pay the eye-watering $5.5 million for a 30-second slot include groceries delivery firm DoorDash, freelance labour broker Fiverr, used car merchant VRoom and online flea-market Mercari.

Another newcomer is stock market trading site Robinhood, which has garnered massive negative publicity in recent after it blocked users from buying shares in retail chain GameStop. The broker imposed the ban after a rush into the heavily-undervalued stock by small investors sent the price soaring — and caused a reported $70 billion in losses for speculative hedge funds that had short-sold GameStop shares twice over in some cases.

The trend could be a portent of the future economy after the lockdown, which has seen main street stores closed but online retailers doing a roaring trade, while millions of Americans lost their jobs or were forced to work from home.

The blows to bricks-and-mortar workplaces could also see an increase in the number of people seeking work in the gig economy of the so-called “Fourth Industrial Revolution”. 2020 was a “landmark year” for Fiverr, chief marketing officer Gali Arnon stressed.

Sourse: sputniknews.com