Mining Your Personal Data
In Part 1, we discussed the effects of digital footprints or tattoos, and the impact of “free” usage of social media. Here is the latest way to mine your data by Facebook.
As companies are reporting earnings for the last quarter, it is important to note that Facebook’s earnings have improved because companies are willing to spend money advertising on the social network. Facebook has recently expanded its mobile ad strategies by spending time with its potential ad buyers and listening to what they need and want.
The facts are that marketing budgets are eager to participate in mobile ads, because so many are connected to their mobile devices. Facebook by virtue of its numbers is the logical place for these ads. Com.score reports “American consumers spent 225.4 billion minutes on Facebook mobile app and mobile Web pages in the second quarter, about double from a year ago.”
According to the Wall Street Journal, “What advertisers particularly like about Facebook mobile is to advertise on the news feed-the spot on member’s pages where they post their own news and read what their friends are posting. The ads, with colorful photos are hard to miss, right in the middle of the scroll of updates.” This fall they are planning to enhance this feature with video advertising.
How does that affect the average consumer? Facebook has teamed up with Datalogix, “which identifies people who have been exposed to an ad on Facebook and then mines credit-card and retailer purchase data to determine whether those people bought the product.” Wall Street Journal
What do you think of this practice?
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