Just saying paid digital advertisement feels incomplete without mentioning why digital advertisement exists: most of the public would refuse to pay for services they take for granted such as email services, social media, etc at a level enough that companies would not feel compelled to sell out to third party advertisers. The struggles of Medium exemplify this very well. Ads are like the processed meat of our internet diet.
The Internet was fine in the time where passionate people paid a few dollars for webspace to host their made with notepad best viewed at 640x480 site and didn’t expect „passive income“ from it.
No. It has been proven by now that even if the public DOES pay, the advertising offers another channel of revenue, which executives loathe to ignore.