Facebook said to be launching platform for real-time ad bidding
Facebook is planning to debut a service, Facebook Exchange, that will allow the company to more effectively target ads to customers, Bloomberg reported today.
The service, which is expected to deploy in the coming weeks, provides real-time bidding on ads, which means advertisers can reach users based on their browsing history, Facebook spokeswoman Annie Ta told Bloomberg. This is similar to what other Web companies, like Google, use to target their ads, and could give a substantial boost to Facebook's ability to increase its display ad revenue and sell-through rates on its inventory.
Facebook confirmed to CNET that the … Read more