TalentZoo.com |  Flack Me |  Digital Pivot |  Beneath the Brand Archives  |  Categories
Facebook's New Privacy Tool Could Backfire on Its Ad Business
By: Business Insider
Bookmark and Share Subscribe to the Beyond Madison Avenue RSS Feed Share

 Facebook says its long-awaited "clear history" privacy feature will finally launch at some point in 2019 — but it could prove problematic for its business.

Back in May 2018, as the Silicon Valley social networking giant battled with the aftermath of the Cambridge Analytica scandal, CEO Mark Zuckerberg announced the company was building a "clear history' feature that would let users instruct the social network to delete its records of what websites it had visited and links it had clicked.

Since then, the company has said little, but at a Morgan Stanley conference in San Francisco on Tuesday, CFO Dave Wehner confirmed that it's still in the works. And, he added, it could damage some of Facebook's efforts to target users with adverts.

Wehner brought up the pending feature after being asked about privacy headwinds facing Facebook. "Later this year, we'll be launching clear history which will also affect our ability to do third-party targeting for those who would clear history," he said. 

The exec added: "So I think broadly, it's going to give us some headwinds in terms of being able to target as effectively as before."

It's not clear here if he's specifically talking about the feature or the consequences of privacy issues more broadly; a Facebook spokesperson did not immediately respond to Business Insider's request for clarification.

"That being said, I think we've been able to navigate relatively well so far, and we've had some headwinds ... we've been able to do better than expected in Q4, so I'd say the landscape is definitely changing in a direction that make sit more difficult for us to grow, and gives us a little less visibility in how this will actually play out," he said.

The remarks indicate that the feature is, to some extent, a gamble: Facebook is betting that the goodwill the privacy measure is taking will offset any damage it does to its revenues. 



READ MORE 

 



Bookmark and Share Subscribe to the Beyond Madison Avenue RSS Feed Share
About the Author
This article originall appeared on BI, and a link to the original can be found at the end. www.businessinsider.com
Beyond Madison Avenue on

Advertise on Beyond Madison Avenue
Return to Top