MarTech Roundup: Facebook Introduces New Ranking System for Measuring Advertising Reach
A bi-weekly summary of the most exciting recent news in marketing technology and trends. If you’re trying to keep up, consider this your one-stop shop.
- Facebook is eliminating the “relevance score” on its advertising platform and replacing it with new metrics designed to give advertisers a sharper view of how their messages are performing. As reported by ClickZ, the new metrics replacing the relevance score are “quality ranking,” “conversion rate ranking,” and an “engagement rate” ranking. Ad effectiveness ranking on Facebook will also now be limited to the audience that has seen an ad in the past 30 days.
- Brands are giving influencer marketing very high rankings in Linqia’s “The State of Influencer Marketing 2018” report. More than 80-percent said they used influencer marketing in 2017. Some 44-percent of brands reported they plan to leverage influencer content on other digital channels, and 51-percent said that influencer content “outperforms” brand-created content. Instagram topped all social media platforms in the survey, with 92-percent of brands saying it is “the most important social network for influencer marketing in 2018.” Facebook followed at 77-percent.
- Users of Instagram can now make purchases without leaving the social media application. More than 20 brands have joined the service called “Checkout with Instagram,” as reported by ClickZ. The new feature is aimed at reducing the number of shoppers that abandon their purchases because of the need to switch from Instagram to a brand’s own website.
- Brands will no longer be able to target age groups, genders or zip codes when advertising housing and credit services and employment on Facebook. The social media platform has removed those categories following a successful lawsuit by organizations including the National Fair Housing Alliance and the Communications Workers of America. The use of Facebook’s “lookalike audience” tool will also be restricted for the same ad categories, according to ClickZ.
- A recent study by Facebook, which owns Instagram, provides powerful data showing the importance Instagram now has for building brand awareness. Facebook, according to ClickZ, surveyed 21,000 Instagram users in 13 countries and found that more than 70-percent of users had positive impressions of brands they saw on the platform. Some 44-percent of users said they find out about brands for the first time on Instagram and 42-percent said they use Instagram to research brands.
- Univision has chosen the Amobee platform to help advertisers plan and strategize their messaging on the Hispanic television network. Amobee’s technology will assist Univision across linear, social and digital platforms, so that the broadcaster can work with brands who want to use proprietary first-party data or custom target audiences to reach their preferred market segments, the broadcaster said in a recent release.
- Taptica has now completed its acquisition of RhythmOne, making Taptica one of the leading independent video advertising companies in the U.S.
Mark A. Browne
Mark A. Browne is Portada's Marketing Innovation Editor. He is a bilingual (English-Spanish) writer, media relations manager, and content creation professional with an established record providing journalism, copywriting and analytical content services to major publishers, PR agencies and businesses in the United States, Latin America and Europe. His award-winning career as a reporter and editor includes daily and weekly newspaper experience and free-lance writing for major print and online publications.