Facebook's Privacy Policy Is Better than You've Heard

There is a guy (or a girl) who doesn't really mind thatmedia is a good thing:
Facebook knows a lot about him. He doesn't mind1. It's good for consumers. If you love 80s music,
that Facebook uses this information to serve up ads.you would probably love offers and deals about
In fact, he likes it. This guy is you; or at least heconcerts, t-shirts and memorabilia related to the 80s.
should be.If you are an important CTO, why wouldn't you
Online advertising has come a long way. Just a yearwant to at least be offered a white paper on cloud
ago, we were punching monkeys and other funnycomputing. Or if you're a mom with a newborn at
creatures to "win a free iPod" or "clicking here tohome, what's so 'intrusive" about diaper coupons and
refinance my home." That is to say that, with a fewdiscounted baby wipes. These ads are a whole lot
exceptions, online advertising was terrible. Not onlymore relevant to you and your life than most
were these ads ignored, those who did click on thembillboards you'll pass on the highway.
were awarded with a nasty virus or spam trap more2. It's good for publishers. Hey, most people don't
often than they received a $299 electronics devicewant to run crappy ads on their site. And if they are
for free.running ads, they are probably only making money
In today's world, ads are actually becoming relevant.when someone clicks an add. The last thing a
Today on Facebook, you might get two ads... onepublisher wants is 100 "punch the monkey" ads
about deals in Columbus (or deals in whatever townrunning on their site. Plus, when ads are highly
or city you live) and one about Website Magazine, atargeted, they can charge a premium.
geeky SEO/online marketing magazine that I really3. It's good for advertisers. If you are selling concert
like (assuming you like that sort of thing). Targetingtickets, or server virtualization, or diapers, it's
an audience by job title and geography is just the 101probably not a stretch to assume you would love for
stuff.your messages to reach rockers in Columbus, or
Let's assume you are a small business owner whoCTOs in Chicago, or working moms in Tallahassee.
has recently been searching online for an extendedAnd most people are willing to pay to reach that
line of credit. The next time you log in to LinkedIn,exact audience.
you see an ad for a business credit card and a webYou see, it's not about millions of ad impressions. It's
conferencing solution (a great tool for smallabout getting the impression to the right person's
businesses).  Are these ads better than punching acomputer screen at the right time. And it's not like
monkey or home refinancing? You bet.this is anything new. Consider this: if you are watching
And while we all know that Google is the largesta sporting event at 9:00 p.m., have you noticed that
search engine in the US, not everyone knows that ayou don't ever see any commercials advertising 10
whole lot of the ads you see on sites you visit everyyear old girl shoes?
day, from the Wall Street Journal to your neighbor'sAdvertising companies have been profiling consumers
blog, are served by Google. Have you ever almostsince the dinosaurs roamed the earth. And they use
booked a trip to Mexico and suddenly started seeingevery available means to do it. If you don't like
ads for discounts on trips to Mexico, even thoughFacebook having information about your daily habits
you were on a site about used cars? You say toand tendencies, you probably will also want to call up
yourself "Hmm.. what a coincidence." Turns out, it'syellow pages and get your name removed. You
not.might also want to call up your local government
That's the magic of Google. While Google doesn'toffices and hospitals and kindly ask them not to
give away its secrets, consider this - let's say youpublish your name if you ever break the law or get
use Google Talk, Gmail, Google Calendar and Googleinto a car accident. You should also probably start
Docs. Going through these tools, a person (or awearing a mask when you go shopping.
robot) could learn a whole lot about you... and serveOr, you can embrace this new and progressive trend
up really targeted ads.toward the advertiser consumer relationship. You still
And yes, I know, you never click on ads; you alsoare free to ignore ads. But at least now the ones
always leave Vegas with more money than youyou do happen to notice might be useful. Unless, of
showed up with. But, for the rest of us, here arecourse, you really need a pair of 10 year old girl
three reasons why I think targeting ads through theshoes.
use of information consumers volunteer on social