03/29/2018
Facebook is..well, trying to save Face.
They will be shutting down Partner Categories as an ad targeting option over the next 6 months. Here's what that means for businesses who advertise on Facebook...
First off, what is Partner Categories? Partner Categories is/was a way for advertisers to target Facebook users based on information provided by third parties (e.g. Experian, Oracle Data Cloud, TransUnion, Acxiom). It included targeting abilities like company size, retail purchase behavior, corporate executives, automotive shoppers, and business travelers.
Now, before you take all your advertising budget from Facebook and throw it into Google AdWords, here are a few things to keep in mind:
-You can continue to use this targeting for the time being, as it will be taken out over the next few months
-Some speculate that Facebook may correlate that Partner Category data to target categories they already have
-Most advertisers never got the results they expected with Partner Category targeting and so they didn't rely very heavily on its use. Of course, there are exceptions.
The potential reasons for this change are likely very obvious if you've heard about the Cambridge Analytica scandal. Facebook also shut down app approval and improved access to its privacy controls in response to this crisis. Partner Categories were likely to be a focus of scrutiny in the near future.
I sincerely believe that this will all make us better marketers. In fact, I see this as another chance to evolve.
My clients can rest easy as I've been proactive with your account in monitoring this developing story. Those whom it heavily effects, we've already been in contact and have made the changes needed to use this as an opportunity for growth and competitive advantage.
In a surprise change, Facebook will give up one major data source that the company uses to help advertisers target relevant users on the platform. The company just announced that it will end a feat…