Posts Tagged ‘facebook’

Mark Zuckerberg Has Admitted That Facebook Has a Problem With Fake News

November 19, 2016  |  Media Week  |  No Comments

Ten days after the U.S. presidential election, Mark Zuckerberg admitted that his company has a problem with proliferating fake stories across the internet. In a Facebook post late on Friday night, the Facebook CEO admitted that fighting fake news on the platform is a problem that's complex "both technically and philosophically"—a stark change in tone after spending the past week defending the platform against accusations that faux reports helped the Republican president-elect Donald Trump win the White House. Although he previously had said the accusations that Facebook was full of fake news were " crazy ," Zuckerberg wrote that the company is now working on several projects to cut down on misinformation. Those projects include improving ways to better detect and classify misinformation, making it easier for users to report fake stories, adding third-party verification and exploring ways to label stories that have been "flagged as false." "The bottom line is: we take misinformation seriously," Zuckerberg wrote. "Our goal is to connect people with the stories they find most meaningful, and we know people want accurate information. We've been working on this problem for a long time, and we take this responsibility seriously. We've made significant progress, but there is more work to be done." Earlier this week, Facebook and Google—which have both faced criticism about fake news since the election —announced plans to cut off advertising revenue to fake news sites on their platforms. On Thursday, U.S

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Facebook Users May Soon See Multiple Products Featured in a Single News Feed Ad

November 15, 2016  |  Media Week  |  No Comments

Ahead of the holiday season, Facebook is testing a different kind of product ad that lets retailers showcase more than one item within the news feed. The two-click process seems to be focused on both brand awareness and direct response. The ads pair a main image or video along with related product images underneath and, if clicked, then bring up a second page with more products. If clicked again, the ad leads to the retailer's website where a consumer can actually buy the product. (The launch comes just weeks after Facebook-owned Instagram began letting more than a dozen retailers focus more specifically on ecommerce by tagging products in photos that then lead to a way to buy items online.) Some retailers like Michael Kors and Lowes have already begun testing the Facebook format this week. However, a Facebook spokesperson said other brands will ramp up their own campaigns later this month and through the holiday season. More could join early next year, with other industries beyond retail possibly added if retailers are pleased with results. According to Michael Kors, which has been using the format along with the rest of its fall campaign, cost per conversion has fallen by 79 percent. Instead of focusing too much on targeting a user with a single product, the goal is to give people enough items that might prompt them to shop more. The ads in some ways seem reminiscent of Google's " showcase shopping " ad format that launched for retailers this summer. Those ads, featured in Google search, aim to connect retailers with potential buyers who might be interested in a product even if their search query isn't quite exact. The formats seem to potentially point to a broader trend toward clustering retail items in a way that brings a number of product listing ads underneath a single main piece of creative. The approach gives users more ideas to consider beyond just the one image they might or might not be interested in. According to Facebook, this approach drives more visual discovery by letting retailers use as many as 50 products to target users.

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You Can Now Manage Accounts on Facebook, Instagram and Facebook Messenger Via One App

November 15, 2016  |  Media Week  |  No Comments

Social media directors for organizations and small-to-medium-sized businesses have evidently had a hard time simultaneously managing accounts for Facebook, Instagram and Facebook Messenger. So much so, in fact, that a number of them have evidently been juggling multiple iPhones to make it all work. To help with this, Facebook is unveiling a feature today called universal inbox to handle communications for all three channels via the Facebook Pages app . "Some people have been flipping through different apps to manage their various presences," remarked Benji Shomair, global head of pages at Facebook. "And other people would actually have multiple phones open." Universal inbox will let marketers more easily take note of comments, reviews and direct messages being authored by consumers on Facebook, Instagram and Facebook Messenger. In addition, page managers can use their cursor to tap a user's profile and see his or her publicly available information, potentially giving businesses more insights on how to interact with the potential customer

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Adobe Buys Programmatic Ad Player TubeMogul for $540 Million

November 10, 2016  |  Media Week  |  No Comments

In a deal to bolster its video offerings for advertisers, Adobe has acquired demand-side platform TubeMogul for $540 million. Programmatic-geared TubeMogul works with brands like Dannon and Quiznos to run digital, mobile and video campaigns by powering the ad-tech pipes in platforms like Facebook and Snapchat. According to Adobe, TubeMogul will get plugged into Adobe Marketing Cloud, the company's tool to help brands manage digital campaigns, primarily in display, social and search. As brands' spending on digital video continues to increase, the addition of TubeMogul will theoretically help Adobe grab bigger digital budgets. The deal is expected to close in the first quarter of 2017. "Adobe and TubeMogul will provide a unified advertising and data management solution that enables brands to precisely identify the right segments and plan, execute and measure paid media across any device," TubeMogul CEO Brett Wilson said in a statement.

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Facebook Made $7 Billion Last Quarter and Now Has 1.79 Billion Monthly Users

November 2, 2016  |  Media Week  |  No Comments

Facebook just can't stop adding friends. The tech giant yet again beat its quarterly earnings expectations, reporting revenue of $7.01 billion and a total monthly active user base of 1.79 billion. According to Facebook, which released its third-quarter earnings today, revenue increased year-over-year by 56 percent, up from $4.5 billion during the third-quarter of 2015. Earnings per share were $1.09, up from $.57 during the same period last year. (Analysts had estimated revenue of $6.92 billion and earnings per share of $.97.) Advertising revenue also skyrocketed to $6.82 billion, up 59 percent from third-quarter 2015. Mobile advertising now represents around 84 percent of total ad revenue, up from 78 percent in the third-quarter of 2015. Daily and monthly active users on mobile both also increased. Mobile DAUs increased 22 percent to 1.09 billion, while monthly DAUs were up 20 percent to 1.66 billion. "We had another good quarter," Facebook CEO Mark Zuckerberg said in a statement. "We're making progress putting video first across our apps and executing our 10 year technology roadmap." Ad revenue from the second quarter of 2016 decreased , falling from $6.24 billion in the second three months of the year.

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Snapchat Beats Instagram and Facebook as the Top Social Platform for Teens

October 14, 2016  |  Media Week  |  No Comments

Snapchat's growth as the preferred social platform for teenagers continues to outpace other social platforms, and it's cutting into Facebook usage. According to investment firm Piper Jaffray's new "Taking Stock With Teens" report, 80 percent of teens use Snapchat at least once a month, up from 74 percent in the fall of 2015. While 79 percent of teenagers said that they use Instagram once a month—an increase from 76 percent one year ago—the photo-sharing app's reach is slightly less than Snapchat. Perhaps more interesting is Snapchat's impact on Facebook, which has fought off reports that teens have fled the social network for cooler platforms in recent years. Piper Jaffray's study now suggests that's true when teenage usage for Facebook is compared to Snapchat. Just 52 percent of respondents in Piper Jaffray's study (which includes 10,000 responses) said that they use Facebook once a month, down from 56 percent in fall 2015. Specifically, younger teens are dropping off of Facebook, while Snapchat and Instagram are neck-and-neck for teens between the ages of 14 and 18. Among 14-year-olds, for example, 80 percent use Instagram once a month, while just less than 80 percent use Snapchat. With Facebook, roughly 30 percent of 14-year-olds use the social network each month, the lowest percentage of all age groups to use the site

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Political Campaigns Need to Embrace Digital Media, If They Haven’t Already

October 10, 2016  |  Media Week  |  No Comments

Political ad spending is like a river, but many campaigns continue to falter by swimming against the current. This year's election cycle may prove to be the final time political campaigns are run like it's still the early 2000s. Sean Duggan The shifting dynamics of ad spending in American politics is yet another bizarre component of this memorably quixotic election year. This reality is fueled, at least in part, by the strikingly modest spending on the part of Donald Trump's campaign, particularly during the GOP primary. Trump's commanding early primary victories left a vast field of consultants and campaigns questioning the effectiveness of paid advertising. As we speed toward Nov. 8, some answers are finally imminent. And they could ultimately be nothing short of game changing for politics as usual in advertising. Despite the home-stretch acceleration of ad spending on the part of Trump, Hillary Clinton has still outspent her opponent by a lopsided 7-to-1 ratio during the past three months, according to AP estimates. If Trump manages to win—or even make it respectably close—the reverberations throughout the political advertising world will be nuclear in the force of their impact. In recent years, media planning and campaign tactics have ignored—to their ultimate detriment—major media consumption and communication shifts. As a result, consumer marketers are now doing a better job commandeering the modern media landscape than the majority of political campaign consultants. Consider the decisions of media consultants in charge of spending $100 million for Jeb Bush's super PAC. "The super PAC consistently bought broadcast television advertising in the biggest, most expensive markets at the highest possible rates," said Molly Ball in the October 2016 issue of The Atlantic. "It Fed-Exed tablet-like mailers to New Hampshire voters that played a documentary about Bush's life, and put just 1.4 percent of its budget toward digital ads, an abnormally tiny amount for a top super PAC." A mere 1.4 percent for digital? Just let that sink in for a minute. Political spending on digital media was expected to break the $1 billion mark for the first time in 2016, according to Borrell Associates, but at a paltry 9.5 percent of total spending, it would seriously lag behind most consumer marketing categories now earmarking 30 to 50 percent for digital. Notwithstanding the ballot burnout most Americans are already experiencing this election season, the 2020 presidential campaign will unofficially commence before the confetti stops falling for the next president-elect.

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Ubisoft Worked With Facebook to Uncover and Target 3 Different Types of Video Gamers

October 10, 2016  |  Media Week  |  No Comments

To launch the upcoming game Tom Clancy's Ghost Recon Wildlands, video game-maker Ubisoft is leaning heavily on Facebook to target ads at specific types of players. While that fact alone isn't very interesting, what is interesting is that the social network is affecting Ubisoft's entire marketing strategy, including its TV creative. In May, Ubisoft ran a weeklong campaign promoting Tom Clancy's Ghost Recon Wildlands—which is billed as its biggest action adventure ever —making it the first video game brand to match up the platform's segmentation tools with custom bits of video. "For the Ghost Recon campaign, we combined a segmentation entirely built on Facebook insights with customized creative—the creative was tailored for each segment we identified through the segmentation analysis," explained Franco de Cesare, head of console and online gaming at Facebook. The campaign targeted three different types of gamers: tacticians, competitors and explorers. Tacticians were identified as people who love science and technology, while competitors like adrenaline and action.

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Quaker’s Month-Long ‘Oatober’ Campaign Includes 31 Different Oat Recipes

September 30, 2016  |  Media Week  |  No Comments

Even oatmeal is going digital. To show that Quaker's oats are used to make more than just oatmeal, the PepsiCo.-owned brand is launching a campaign this weekend as part of a month-long effort the brand is dubbing 'Oatober.' Starting tomorrow, Quaker will start pumping out Facebook, Instagram and Pinterest posts with oat recipes, including muffins, cookies and oatmeal. Then on Sunday, Quaker is running its first Instagram Marquee—the social app's year-old takeover ads that let brands hit large audiences in a short period of time. There is also a Tumblr and webpage launching this weekend and a series of sponsored videos with food publisher Tastemade that will roll out on Snapchat, Facebook and Pinterest later this month. All told, Quaker's campaign will include 31 different recipes for the month of October. "Oatober is a digitally-focused campaign because the digital and social space is where people connect with food and share their experiences," said Becky Frankiewicz, svp and gm of Quaker Foods North America. "Food trends online have inspired some of our marketing campaigns, such as overnight oats. You can also find many oat-based recipes on Quakeroats.com." The campaign also includes a big media buy with The New York Times. On Sunday, the brand will run a full-page ad in the newspaper and start an online campaign within the cooking section of the site.

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ANA Asks Facebook to Open Up Its Platform for More Third-Party Measurement

September 29, 2016  |  Media Week  |  No Comments

One week after details about Facebook inflating its video metrics for advertisers were discovered, the Association of National Advertisers has called for an audit and accreditation of the social platform's metrics. The ANA's qualms stem from a report in The Wall Street Journal last week finding that Facebook overestimated the amount of time users spend with videos by anywhere from 60 to 80 percent, according to a letter from Facebook to Publicis Media that the publication acquired. Facebook has since apologized, with multiple execs at Advertising Week discussing the mistake and a blog post from David Fischer, vp of advertising and global operations, explaining how the metric should have reflected the total amount of time spent watching a clip divided by total number of people who watched it. Instead, the faulty metric showed the total time divided by views of videos. In a blog post, ANA president and CEO Bob Liodice, wrote, "While ANA recognizes that 'mistakes do happen,' we also recognize that Facebook has not yet achieved the level of measurement transparency that marketers need and require." The trade organization's specific concern is that Facebook metrics are not vetted by the Media Rating Council—the industry watchdog that creates standards for advertisers to buy media against. Unlike other publishers and media companies, Facebook's so-called walled garden limits the amount of data that brands have into their campaigns, and the company has held back on giving third parties significant access into the platform, meaning that brands have to rely heavily on Facebook for insight into their campaigns. "With more than $6 billion of marketers' media being directed to Facebook, we believe that it is time for them—and other such major media players—to be audited and accredited. That is the standard of accepted practice that marketers and agencies have relied on for decades," Liodice wrote. "Internal viewability measurements employed by digital media owners should not be used for the purposes of conducting outside commerce." Liodice also cited an ANA report from last year that found that 97 percent of marketers think their ad inventory should be measured by a third party

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