Some time later I was in my closet and still pondering how Facebook could possibly be so wrong as to think I was interested in pants of all things. On a whim, I decided to count my pants. And you know what? I had a lot of pants. Triple digits. Way more pants than I realized I had and way more pants than any one person could possibly need. It turns out, I _was_ pretty interested in pants.
Facebook, without ever having seen my closet, had a better understanding of my wardrobe than I did.
I've even bought a few things I found through Facebook or Instagram ads, things that I wasn't aware of and that I enjoy, timeular and old school safety razors for example, proving that advertising can be a win-win game.
No, what they do is buy point-of-sale data from stores, often through companies like Nielsen and larger. NOW they know what you're buying, and Banana Republic ain't gonna stop telling them, because the market research aggregators pay them back by telling them who is buying their stuff, like people whose credit card usage is 45% directed at clothing stores.
It's far more likely that the Gap is uploading your itemized receipt data to advertising networks (complete w/ that email address they always ask you for and your CC info) under the guise of improving their own retargeting.
People can really freak the fuck out when you can predict what they need accurately. For example the real case of a store advertising specific baby items to someone who didn't know she was pregnant.
This is why "suggested items" often have one wildcard thrown in: They don't want you to realize just how much they really know you.
Of course this doesn't explain failures, but I wouldn't rule out smart ads just yet.
Meanwhile, the thing I might want, if only I knew about it? It's not on the front page; it's not on the hot or new pages; and it's not anywhere near the first page of results for any search I do. These are SEO death-zones, where I just see 1000 optimized contenders for the one boring highest-profit-margin product.
Instead, to find genuinely-interesting new products, I have to go into particular micro-categories, and then browse through ~20 pages of irrelevant same-y things to get past the micro-category's own SEO death-zone. (Even within e.g. the "Scientific Instruments" category, the first ten pages are all either N95 masks or brewing equipment, rather than, y'know, beakers and test strips and CO2 monitoring equipment and such. I know why—they don't re-rank per the browsing habits of the other people who've viewed a given category, but instead reuse the item's global rank in all categories it appears in—but it's still ridiculous.)
I mean, maybe I'm an outlier; I watch YouTube reviews of life-hack tools, kitchen gadgets, etc., so most "novelties" aren't all that novel to me. When I'm looking for "something I don't know about", I more mean "something that would excite me, but which nobody within my filter-bubble is excited about yet."
But surely an AI could deduce a ranking algorithm that would show people like me what they want to see, right? I feed it plenty of training data in terms of what I do and don't bookmark/save on the site. It just needs to think one level up from "tags" / "similar users."
And the weird thing is, I feed plenty of data on exact products I've been interested in in the past to every service I use. Like I said, I watch YouTube videos about e.g. knock-off portable game consoles; I search Google for those products, say things about them in Facebook Messenger, etc. I know I'm getting my privacy invaded by these services—the least they can do is to actually use that information to get me a "recommended" product listing for the thing I'm considering buying!
Advertisement systems are way less advanced and much more stereotype driven, than privacy freaks care to acknowledge. Think of this - advertisers have less than 100ms to decide the best ad to show you... often multiple times per website. Do you really think that any ads are actually personalised?
I remember having to differentiate between Bike Helmet for Barbie(a toy) and Barbie Bike Helmet(safety device for children)... Or the fact that if you let a learning algo run through the categories, they can place dildos(adult toys) right next to water guns(kids toys).
There are services that target you with offers that are highly tailored*, but online ads are not one of those services.
(Amazon's "You May also like", food delivery services suggestions, and similar things that can calculate for a long time)
Yes. Privacy freaks are overreacting on how deep ad tech cares to know about you. It's way less than what NSA or spying agencies(hello Facebook) are able to collect and use.
Even light speed is not infinite.
FAANG companies earn billions on targeted advertising, but it's up to the customer running the ads to do it effectively.
Google and Facebook don't particularly care what ads people are buying or if those ads are working.
The only thing which prevents this are incentives. Content provider are paid per click. Intelligent targeting would reduce clicks. Advertisers would have to pay more for intelligent targeting. So why not just keep the status quo?
> I buy (electronic) gadgets all the time. Parts for PCs, Raspberry Pis, Arduino, "smart" devices to replace "dumb" devices like light bulbs, power sockets, equipment for race/flight simulation, etc. and adverts were usually just for the latest nVidia card or some games or something. Then there was that ONE TIME I bought a unicorn dress for my (then 2yo) daughter and that's it: Nothing but unicorn shit advertised at me for the rest of my life.
and the reply was something like:
> The fact that FAANG has spent what must be billions on specialised/targetted advertising and still can never show us adverts for anything other than stuff _we've already bought_ reassures me that we'll not see intelligent targetted advertising in my lifetime.
and I have to say I agree.