To give businesses more insight into the measurement tools used to calculate the impact of advertisements on its platforms, Facebook has introduced new labels on some of its metrics.
“Starting today, we will begin labelling some metrics in Ads Manager as ‘estimated’ or ‘in development’, to provide more clarity on how they are calculated and how you should consider using them,” the company said in a blog post.
Facebook has been facing flak for not scrutinising advertisements before they are being published on its platforms.
According to emarketer, Facebook earned a whopping $17.37 billion in digital ad revenue in the US in the third quarter of 2017 and is expected to reach $21.57 billion in 2018, and $25.56 billion in 2019.
Recently, Facebook faced a hefty fine after the city of Seattle, Washington, accused the social media giant of violating its political ad transparency law.
Facebook is also removing some other metrics to help businesses focus on the more meaningful ones and make it easier for advertisers to get the most actionable insights to improve ad performance.
“In July, we will remove approximately 20 ad metrics that marketers have told us are redundant, outdated, not actionable or infrequently used,” the company said.
It will also roll out a new programme called “Measure What Matters” in March to educate marketers more broadly about measurement.
The programme will offer two tracks – one for advertisers focused on brand objectives and one for advertisers with direct response objectives.
Source: NDTV Gadgets