Here's the thing, as someone who sees themself both in ad tech & as a privacy advocate: Advertisers who seek personalized targeting will focus on platforms with the most personal data: Facebook & Google. But I don't believe the status quo of ad targeting is the only future of it.

The idea that advertisers will walk away from platforms that don't provide personalized targeting simply doesn't hold up. Advertisers buy posters and billboards and TV ads and lots of other things that don't promise the accuracy of web advertising...
Further, the promise of that accuracy has mostly been false. Year after year after year we see that ad products that promise perfect accuracy and tracking don't work, are giving false results, are proving entirely ineffective, or have unexpected negative brand impact...
Also, the one thing we've learned for sure about advertising on the web is that advertisers will try all sorts of things and look towards outcomes. This includes bad things that fail... https://t.co/MYkZtfdqQQ
This includes things that don't work at all, but still end up costing millions of dollars. https://t.co/5KPc4fJNcm
And it includes a ton of ad tech that makes claims to personalization that simply don't hold up in reality. https://t.co/rndP1drQYk
Everyone in advertising should know by now that many of the promises of advertising vendors don't hold up... https://t.co/FcUbmQTqb0
But the pricing mechanisms of the status quo makes no room for an alternative version of the web. We've no basis to understand what the market could like like in a web where intrusive user tracking becomes impossible on a technical level. https://t.co/1sWrpeV33Y
And putting all of these questions aside brings an even bigger one forward: do publishers benefit from a web that, through invasive tracking and targeting, generates societies that distrust journalism and make it hard to separate fact from fiction? I think not.
Perhaps that's too esoteric a future to consider. Perhaps we can only see the future in dollars and cents. That's the way Facebook sees it. That's the way the people who have shaped the face of web advertising up to now see it. https://t.co/WeAudmCpFw
But I don't think the future of the web has to be, or should be, defined on dollars and cents alone. I think a healthier web--one that respects what users want & how they seek to interact w/it, publishers, & advertisers--will create a better environment for publishers to thrive.
$1.3 bil was spent on influencer marketing in 2018. It's hard to believe that publishers can't remake themselves in a private web to change from delivering individual humans to be something else to advertisers. Especially if the ground shifts to make the web force that change.
(Source: https://t.co/CJkqFg3kLA )
I can't imagine a world where advertisers decide their only venue for digital advertising is FB and Google. That they're just going to leave the rest of the web up for grabs. I wouldn't be here if I didn't think the rest of the web was valuable for advertisers, users & publishers
And if it has value, then it can be priced competitively. And if it can be priced competitively than I have to believe the parts of the web where users can regain control over their personal data can present a competitive argument for advertisers to Facebook and Google.
Beyond that, it is hard to imagine the situation for Publishers in regard to trust and monetization could become more dire by respecting users' interest in a more private web. https://t.co/jbVGYMnjWx
Finally, I think the difference between publishers & other businesses is they have an ideological core to work on behalf of readers, to do journalism, to make the world more clear & honest. It's hard to see how the current regime of individual user tracking aligns w/that mission.
At the end of the day it is hard to imagine surveillance capitalism as compatible w/journalism. The future of ad tech is entwined with the future of journalism. If that's the case, how can we deliver journalism into the future on a system w/which it is incompatible?
Perhaps there's an immediate financial disadvantage to the privacy-first web. But I think on a longer timeline, a more private web as the baseline standard will not eliminate advertising or chase advertising dollars away. And it will make it easier to be a successful journalist.
At the end of the day, a more private world lets publishers have more control over their own data & be better advocates on behalf of their readers to advertisers & ad tech systems. More control means more opportunity to figure out new approaches and new models. Sounds fun to me!

More from Tech

The 12 most important pieces of information and concepts I wish I knew about equity, as a software engineer.

A thread.

1. Equity is something Big Tech and high-growth companies award to software engineers at all levels. The more senior you are, the bigger the ratio can be:


2. Vesting, cliffs, refreshers, and sign-on clawbacks.

If you get awarded equity, you'll want to understand vesting and cliffs. A 1-year cliff is pretty common in most places that award equity.

Read more in this blog post I wrote:
https://t.co/WxQ9pQh2mY


3. Stock options / ESOPs.

The most common form of equity compensation at early-stage startups that are high-growth.

And there are *so* many pitfalls you'll want to be aware of. You need to do your research on this: I can't do justice in a tweet.

https://t.co/cudLn3ngqi


4. RSUs (Restricted Stock Units)

A common form of equity compensation for publicly traded companies and Big Tech. One of the easier types of equity to understand: https://t.co/a5xU1H9IHP

5. Double-trigger RSUs. Typically RSUs for pre-IPO companies. I got these at Uber.


6. ESPP: a (typically) amazing employee perk at publicly traded companies. There's always risk, but this plan can typically offer good upsides.

7. Phantom shares. An interesting setup similar to RSUs... but you don't own stocks. Not frequent, but e.g. Adyen goes with this plan.

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