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Re:If Logged into Facebook, Oculus VR Data Will Now Be Used ... by cm2012 on Thursday December 12, 2019 @11:53PM (#21779221)
Almost everyone who cares about performance does bid for conversions. Sometimes companies add extra layers of targeting on top of it though.
Re:If Logged into Facebook, Oculus VR Data Will Now Be Used ... by disgruntledphd2 on Saturday December 14, 2019 @09:38AM (#21789682)
Because they are idiots.

Non conversion optimised ads can work for small audiences of really high value, but that's a pretty niche use-case.