Facebook tab developer SocialAppsHQ added social media monitoring to its offering with its launch of Monitoring, which, when added to its Social Planner post-scheduling feature and Social Ads pay-per-like service, form a complete social marketing platform.
A healthy portion of Facebook’s second-quarter earnings call Thursday was devoted to advertising, specifically social advertising, and the unique opportunities and challenges presented by advertising on the social network.
Facebook’s first quarterly financial report since going public offered some good news and some bad news for the company. The good news? Facebook is continually gaining users, especially on mobile. The bad news? The company took a major financial hit in stock compensation after the post-initial public offering freefall. But the three executives on Thursday’s earnings call — Co-Founder and CEO Mark Zuckerberg, Chief Operating Officer Sheryl Sandberg, and Chief Financial Officer David Ebersman — are confident in Facebook’s future.
A new offering for political campaigns from the social agency 140 Proof hopes to give the firm a slice of the $142 million social ad market this election year.
Facebook will reportedly introduce a new type of advertising this week.
This evening I was browsing Facebook and stumbled upon the following ad that I’ve pictured on the left. The ad displays one of my friends and a book advertisement suggesting that somehow the two things are correlated. The only problem? They aren’t! If you take a look at my friend Krista’s profile, there is nothing that would suggest that she read the book unless the system somehow knew that she was active in social media and may have read the book “The rise of conversation”.
She didn’t explicitly state that she had read the book though. The other part which is confusing is that next to her it says that she recently “joined the group Jaffe Juice.” How is that relevant to the advertisement whatsoever? I understand that I may want to know what my friend is up to but when placing that information within an advertisement it doesn’t make much sense.
Facebook is in the process of improving their advertisement solutions but when it comes to Social Ads, it appears that they are still having some trouble. Just last week we wrote about Facebook’s Engagement Ads and how they could help advertisers. It makes sense that Facebook would release advertising solutions they can immediately sell but they should also be investing heavily in improving ad relevance.
I have to be honest, the advertisements on Facebook have been improving but many of them still aren’t relevant at all. I’m not sure if this is because big brands aren’t investing in Social Ads or if it’s because Facebook isn’t serving them properly. I’m not qualified to comment on how the system determines ads unfortunately but I know the one that they displayed in the picture above doesn’t make much sense at all.
Wow … as usual I wasn’t the most observant person. Apparently the book that was displayed was by Joseph Jaffe. I confused the book “The Rise of Conversation” by Joseph Jaffe with the book “Here Comes Everybody” by Clay Shirky. So apparently the ad wasn’t that bad after all!