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Re:Only 17% of consumers believe personalized ads are ethica... by paxys on Monday November 16, 2020 @12:54AM (#25108544)
And yet, since that tweet was posted Amazon has become 6x larger, crossing $1.5T in market cap. So maybe their advertising team knows something we don't?
Re:Only 17% of consumers believe personalized ads are ethica... by bryanrasmussen on Monday November 16, 2020 @02:16AM (#25109014)
When I was 16 about, I read a biography of Howard Hughes. The only thing that really stuck with me was a line regarding the Hughes empire in the 70s when he was at his craziest but the money still kept pouring in, the idea was that basically once you got to a certain size there is a long time before your mismanagement can hope to decrease the money flow.

Also, how much of that 1.5T is because of AWS?

Re:Only 17% of consumers believe personalized ads are ethica... by strombofulous on Monday November 16, 2020 @02:53AM (#25109213)
Re:Only 17% of consumers believe personalized ads are ethica... by smsm42 on Monday November 16, 2020 @03:48AM (#25109538)
How do you know it's related to their advertising team? I buy a lot of stuff on Amazon (mainly because their delivery is - usually = reliable, their selection is good and their return policy is generous) but I can't remember the last time I bought anything by clicking on an ad. That didn't happen for many years at least. In fact, I'm not sure I ever bought anything on Amazon by clicking on an ad, if you exclude affiliate links and people just reviewing stuff and then giving Amazon link.
Re:Only 17% of consumers believe personalized ads are ethica... by DigitallyFidget on Monday November 16, 2020 @02:31AM (#25109089)
It's probably because people just shop from them, not because I bought the gay pride shirt, hat, wallet, car seat cover, pencils, earrings, and bracelet that Amazon thought I wanted. I still cannot figure out why Amazon almost exclusively goes on these advertising tangents of junk I have a rather explicit disinterest in. If targeted advertising showed me things I would find interesting I would be all for it to some extent, but when it shows me automotive stuff for vehicles I don't own after I buy a digital micrometer I can't begin to think it's a good system at all. (Examples mentioned are real experiences of Amazon's suggestions of things I may like)
Re:Only 17% of consumers believe personalized ads are ethica... by thdrdt on Monday November 16, 2020 @01:57AM (#25108918)
Maybe the Dutch website is different but I think it is one of the worst webshops I've been on. When you search for a product you end up in a flood of pages with half related products. No filters, nothing. So I never find what I am looking for and just leave.

Now I don't think Amazon is stupid so there must be a reason for this experience.

I also think they know something we don't.

Re:Only 17% of consumers believe personalized ads are ethica... by saagarjha on Monday November 16, 2020 @01:01AM (#25108582)
Yeah, they know exactly how stupid the average company’s marketing team is that they’re willing to pay for this kind of stuff.
Re:Only 17% of consumers believe personalized ads are ethica... by inglor_cz on Monday November 16, 2020 @02:47AM (#25109173)
As a reader, I must say that at least in the books section the recommendations work. If I buy a book I like, I look for automated recommendations, because the chance I might like those books is rather high.
Re:Only 17% of consumers believe personalized ads are ethica... by kuu on Monday November 16, 2020 @02:53AM (#25109211)
I guess with some categories it may work, like books, movies, video games etc
Re:Only 17% of consumers believe personalized ads are ethica... by smsm42 on Monday November 16, 2020 @03:52AM (#25109575)
Yep, if I liked one book by G. R. R. Martin, it makes sense to suggest I would like another one. If I bought one Samsung tablet, it's much less likely I'd need another one a week later, unless that one was defective. They should introduce more information about goods - but it's probably too expensive to model that, and they get paid handsomely anyway, so why bother.
Re:Only 17% of consumers believe personalized ads are ethica... by fakedang on Monday November 16, 2020 @05:25AM (#25110136)
Even if that one was defective, you're likely to exchange it (especially if you're buying from Amazon). Not buy a whole new one.