Home Ad Exchange News P&G Rethinks Its Targeting On Facebook; Randy Cohen On Why Marketers Should Share Their Data

P&G Rethinks Its Targeting On Facebook; Randy Cohen On Why Marketers Should Share Their Data

SHARE:

focustoonarrowHere’s today’s AdExchanger.com news round-up… Want it by email? Sign-up here.

P&G <3 Mass Messaging

Procter & Gamble will take a step back from personalized ads on Facebook after recent targeted campaigns failed to deliver, CMO Marc Pritchard tells Suzanne Vranica of The Wall Street Journal. “We targeted too much and we went too narrow and now we’re looking at: What is the best way to get the most reach but also the right precision?” It’s an acknowledgement that huge CPG brands like Tide and Bounty often don’t need to hypersegment their buys for awareness-building campaigns. P&G will keep targeting ads in some categories like diaper ads aimed at moms-to-be (Pampers) and men (Gillette razors). Read on.

Sharing Is Caring

If marketers want transparency, they’ll have to share their data, writes Advertiser Perceptions CEO Randy Cohen in an Ad Age column. Agencies, on the other hand, need to move past the lure of new business pitches and put their resources toward gaining measurable insights. But to do that, they need to see marketer data. “Agencies cannot possibly make a top-to-bottom measurable difference for a brand without the facts,” he writes. “It’s really about … the ability of the account team to bring a sophisticated understanding of the business to bear every day.” More.

Brexit Aftershock

Ogilvy has shut down its London-based R&D arm, Ogilvy Labs, as part of a cost-cutting measure related to Brexit, The Drum reports. In April, Paul O’Donnell, Ogilvy’s worldwide executive director, said the agency would decrease investment in the UK if the Brexit vote went through. Ogilvy Labs worked on innovation projects for clients including IBM, Crime Stoppers and JD Wetherspoon. “If you’re not attached to revenue you’re always in a precarious position. From Ogilvy’s point of view they were incredible to have [Labs] going for as long as they did,” said Nicole Yershon, director of innovative solutions at Ogilvy Group UK. More at Campaign.

I Want It “Now”

Google is testing ways to personalize its voice search assistant, Google Now, as part of the company’s stated desire to answer queries before they’re given. The blog Android Police first identified the changes, which let users input their interests (such as local weather, sports, celebrities or news topics). It’s part of a heated race to be the hardware search intent-and-discovery feature of choice: Apple’s Siri is limited by privacy policies, Window’s Cortana is limited by Microsoft’s weak smartphone market share and Amazon’s Alexa is, well, pulling ahead. More at TechCrunch.

But Wait, There’s More!

You’re Hired!

Must Read

Pinterest Acquires CTV Startup TvScientific (Didn’t CTV That Coming)

Looks like Pinterest has its eyes – or its pins, rather – fixed on connected TV.

Kelly Andresen, EVP of Demand Sales, OpenWeb

Turning The Comment Section Into A Gold Mine

Publisher comment sections remain an untapped source of intent-based data, according to Kelly Andresen, who recently left USA Today to head up comment monetization platform OpenWeb’s direct sales efforts.

Comic: Shopper Marketing Data

Shopify Launches A Product Network That Will Natively Integrate Items From Across Merchants

Shopify launched its latest advertising business line on Wednesday, called the Shopify Product Network.

Privacy! Commerce! Connected TV! Read all about it. Subscribe to AdExchanger Newsletters

Criteo Lays Out Its AI Ambitions And How It Might Make Money From LLMs

Criteo recently debuted new AI tech and pilot programs to a group of reporters – including a backend shopper data partnership with an unnamed LLM.

Google Ad Buyers Are (Still) Being Duped By Sophisticated Account Takeover Scams

Agency buyers are facing a new wave of Google account hijackings that steal funds and lock out admins for weeks or even months.

The Trade Desk Loses Jud Spencer, Its Longtime Engineering Lead

Spencer has exited The Trade Desk after 12 years, marking another major leadership change amid friction with ad tech trade groups and intensifying competition across the DSP landscape.