From his profile - "I co-founded Right Percent to help b2b businesses scale with Facebook and AdWords ads."
#2 hackers and big bad government aren't the only reason for being leery about 'big tracking'
#3 People also buy damaging(mlm) products and products they genuinely hate from these same ads
but I agree with your other points.
As a consumer, I started doing ~all searches and browsing in Firefox with uBlock, and I never log in to FB on Firefox. The ads I've gotten have, indeed, become a lot less relevant. Honestly, it's not great! Lowest-common-denominator ads feel really gross.
As an entrepreneur selling a consumer product I created on Shopify, access to well-targeted ads would make a huge difference to my business. (I can't use FB to advertise since I sell a pandemic-related product, long story).
It's a niche product, so non-targeted ads like "local newspaper ads" would probably perform far too poorly to justify their expense.
People who buy my product tend to be very grateful for it, but not many know it exists! It's crazy how much your perspective on personalized ads change once you're on the other side – I really wish I could use them!
The internet should have made targeted marketing easier, because people would effectively target themselves by visiting sites devoted to topics and communities they care about, instead of everyone watching the same four TV channels. But Facebook wants to become the only "internet channel", monopolizing the ability to target and forcing you to go through them.
My impression from talking to people who run ads for a living is that FB's ML-driven targeting is just orders of magnitude more effective than traditional "put an ad in a relevant forum" kind of thing. I don't have personal insight into how true that is.
As an individual, I really don't like having monopolies in ads, especially ones that _also_ have monopolies on personal data (FB and Google know everyone I talk to, everywhere I go, etc - yikes). But as a business, I really like the idea of having one platform to buy ads that can put them everywhere, and do a good job deciding where to show them.
I don't know what the solution is but I don't think I've seen it proposed anywhere yet. It's hard.
The solution I'm suggesting is to either break up Facebook or legislate away their business model. I know that would make your life as a business owner more difficult, but wouldn't you also feel a little bit better knowing your business couldn't be wiped out by a broken algorithm disabling your ad account?
Yeah, I definitely agree with your main thrust that a different business model, probably spurred by legislation, is needed. I just don't know what that business model (or the legislation) should be exactly - and I think the obvious things will have bad unintended consequences.
1) not true. (I am currently happy to get ads for condos in St. Petersburg and banks in Cyprus, as I hope it shows Google has very little idea of who I really am, or at least just that I'm an unsought demographic?)
2) not true at all, compared to the tracking available from broadcast and free periodical advertising, which was how local businesses used to do it: in local media.
3) People genuinely find products they like all the time without ads, also.
4) Whole categories of businesses were introduced before FB ads as well. I know someone who got rich on selling copycat Uzi sealing rings as a teen fad, and that was before AOL and Google, let alone FB.
You probably don't care about convincing me, but if you wished to, you'd have to somehow demonstrate that FB provides a great deal of additional value in return for all the additional information they collect.
If just telling people what is happening causes this reaction, it certainly makes you think.
1. Make targeted advertising significantly more expensive, which affects small businesses
2. Potentially cause those businesses to advertise less, which hurts apps that rely on that ad revenue
3. Give users more privacy control over cross-app tracking
All the coverage of this is 100% focused on #3 while assuming 1 and 2 are free or worth burning to the ground.
1. Cheaper facebook ads as people pull out from advertising on Facebook since they see less effective targetting
2. An opportunity to do better optimization on our end, which currently Facebook offers to everyone including our competitors.
From a cynical point of view, the average HN-user at a VC-run startup could benefit from this.
The hurt given to regular small businesses is irrelevant because we aren't Mom & Pop firms. It isn't in the nature of business people to care about all businesses anywhere. Rather you care about your business, and aim to bury your competition.
Additionally the people who run ad-supported sites outside of Facebook will welcome this change, since it reduces the effectiveness of Facebook's competition.
Those personalized ads may be very useful, but they require extremely invasive tracking that the user does not necessarily consent to. On desktop I can use uBlock Origin and Firefox to block as much tracking as possibile, on mobile the Facebook SDK is embedded everywhere and it's very difficult to escape from it.
If there was a way to opt out of tracking I would have no problems with Facebook, I don't even use it. I hope this iOS change will come to Android too.
Pdf warning.
https://weis2019.econinfosec.org/wp-content/uploads/sites/6/...
Targeted advertising is a net boom for ad networks but not for the actual publishers of content.
Apparently you believe that you should decide that. Which argument are you making? "Facebooks Ads are good" or "Even if they aren't good people should decide for themselves"?
Facebook decides that Ads are good for its users every time they show one. Either that or they know Ads are harmful but show them anyway.
There's no research proving or denying this claim, but as anecdotal evidence: Mike Bloomberg spent more on advertising than any candidate in history for his primary election campaign (~$500 million), which he lost spectacularly.
People often credit Facebook Ads for Trump's 2016 victory, and it's an interesting claim considering that he spent substantially less than Bloomberg on the platform (~$40 million).
You never addressed that.
1) They replace worse and spammy ads.
2) The tracking is really mild. If a big bad government or hacker wants to get dirt on you, they don't dig into FBs tracking algos, they go straight to the ISP or they hack the website you visited. FB also doesn't sell your data.
3) People genuinely find products they like all the time through ads.
4) Whole categories of businesses get a chance for customers to discover their products. Almost every new Shopify store selling cool new products relies on FB ads to get in front of customers. Many really cool useful b2b tech products rely on FB to be discovered.
Advertising isn't magic. It's not mind control. 90% of it is clearly showing a product to the market and you pray you find product market fit.