TV News LIES

Tuesday, May 22nd

Last update05:20:13 AM GMT

You are here News Journalism & Media Facebook looks to cash in on user data

Facebook looks to cash in on user data

E-mail Print PDF

Facebook looks to cash in on user dataToday more than 600 million people have Facebook accounts. The average user spends seven hours a month posting photos, chatting with friends, swapping news links and sending birthday greetings to classmates.

Now the Palo Alto company is looking to cash in on this mother lode of personal information by helping advertisers pinpoint exactly whom they want to reach. This is no idle boast. Facebook doesn't have to guess who its users are or what they like. Facebook knows, because members volunteer this information freely — and frequently — in their profiles, status updates, wall posts, messages and "likes."

It's now tracking this activity, shooting online ads to users based on their demographics, interests, even what they say to friends on the site — sometimes within minutes of them typing a key word or phrase.

For example, women who have changed their relationship status to "engaged" on their Facebook profiles shouldn't be surprised to see ads from local wedding planners and caterers pop up when they log in. Hedgehog lovers who type that word in a post might see an ad for a plush toy version of the spiny critters from Squishable.com. Middle-aged men who list motorcycling as one of their hobbies could get pitches from Victory Motorcycles. If a Facebook user becomes a fan of 1-800-FLOWERS, her friends might receive ads telling them that she likes the floral delivery service.

Marketers have been tracking consumers' online habits for years, compiling detailed dossiers of where they click and roam. But Facebook's unique trove of consumer behavior could transform it into one of the most powerful marketing tools ever invented, some analysts believe. And that could translate into a financial bonanza for investors in the 7-year-old company as it prepares for a public offering, perhaps as soon as next year.

More...


Most Recent Related Stories...


Trump suggests pulling credentials from 'corrupt' media

Trump suggests pulling redentials from 'fake news.' President Donald Trump complained Wednesday that his administration receives overwhelmingly negative coverage from network news outlets...

Comedian takes shots at Trump, staff at journalists' dinner

Comedian Michelle Wolf takes shots aat Trump- For the second year, Donald Trump wasn't in Washington for the White House Correspondents Dinner,...

'A dark day': Tributes for journalists killed in Kabul

9 jounalists killed after coming to report on events Tributes are pouring in for at least nine Afghan reporters killed in an explosion while covering an...

Tom Brokaw Accused of Sexual Misconduct — Including Groping — by 2 Women at NBC News

Tom Brokaw accused of sexual assaultTom Brokaw has been accused of making inappropriate advances towards two women. Brokaw, who has been with...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!