No, and I think the implication of your post is an accurate observation. There are multiple factors that contribute to this phenomena:

- New advertisers are constantly trying this type of advertising, so many ads are those that are in the 'test market' phase prior to discovering that it does not lead to sales

- Marketing geniuses convince decisionmakers who are obsessed with image and weight it as more important than even money, that 'brand recognition' has far more value than it actually does (it is brittle and subject to truthful information)

- Advertising is a form of control over content creators. If the revenue represented by the advertiser is significant enough that it has the side effect of giving advertiser power of the speech of the content creator, it has great value, particularly in political space, but anywhere that bad actors aim to gain power, influence, or money in some way other than meeting the needs of the market.