National: Social media ready to cash in on 2016 election | The Hill
Tech firms are courting campaigns ahead of the 2016 presidential election, where budgets for digital advertising are expected to reach new highs. The election will be tweeted, googled, snapped, liked on Facebook, and shared on numerous other social media platforms. And Silicon Valley is hoping to turn that engagement into big profits. While billions will be spent on political advertising over the next year, television remains the prime mover and budgets for digital ads trail traditional media. But even by one recent estimate from Borrell Associates, 9.5 percent of political media budgets could go towards digital media — a total of $1 billion.