How Your In-Store Shopping Affects the Ads You See On Facebook
itwbennett writes Facebook has made several acquisitions over the years to help advertisers target their ads and extend their reach. Custom Audiences is one such targeting tool, allowing retailers to match shoppers in their stores with their accounts on Facebook. It's often done through an email address, phone number or name. Facebook won't give hard numbers, but there seems to be a lot of matching going on. For decades, marketers have been trying to understand more about what's happening at the point of sale, 'so their systems are really robust at capturing a strikingly large amount of transactions,' says Brian Boland, Facebook's VP of advertising technology.
I employ a number of services on the internet where I am the product. My activities are sold to the highest bidder.
In return, I get head's up notifications about traffic to places I'm likely about to drive to, and I get useful dinner suggestions when I'm out on the town after 7pm. I accept this trade-off. While I've "souled" out to Google primarily, if I used Facebook more than the necessary evil to coordinate large activities with my friends, I'd happily allow them to show me ads for steaks instead of tofu because the know the reward card attached to my phone number saved $0.99/pound on beef last week -- if they're going to show me ads at all.
Bring it on Google and Facebook. Consolidate all of my data. Have at it. I sure as hell wasn't doing anything with it.
Hell, I may even let you read my mail :)