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August 26, 2020 |
The Apple iOS 14 operating system will require apps to ask users for permission to collect and share data using Apple’s device identifier. Facebook will not collect the identifier for advertisers (IDFA) on our own apps on iOS 14 devices.
The identifier was critical for Facebook targeting its audience network ads. Facebook says the Apple security and privacy change will halve Facebook audience network revenue.
In 2015, Audience Network had a $1B revenue run rate in ad spend. In 2018, $1.5 billion was paid by Facebook to developers and publishers.
Over 1 billion people see at least one Audience Network ad every month.
SOURCES- Facebook
Written By Brian Wang, Nextbigfuture.com
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.
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