Facebook making ad metrics clearer on its platforms

San Francisco Feb 23 (IANS) To give businesses more insight into a company s measurement tools 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 late Thursday.

"These labels will appear in tool tips within the Ads Manager reporting table and in the customise column selector for ads running across Facebook Instagram and Audience Network " the blog read.

Facebook has been facing flak for not scrutinising the advertisements before they are being published on its platforms.

According to emarketer.com 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 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 would 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"In July we will remove approximately 20 ad metrics that marketers have told us are redundant outdated not actionable or infrequently used " the company said.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 would also roll out a new programme called "Measure What Matters" in March to educate marketers more broadly about measurement.

The programme would offer two tracks -- one for advertisers focused on brand objectives and one for advertisers with direct response objectives.

--IANS
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