🚩 Google's recent announcement to drop third-party #cookies (#3PCD) has raised concerns about the potential risks to the #OpenWeb. The move comes amid a growing trend of consumers already blocking cookies, leading to a loss of reach and performance for advertisers and publishers. While cookies are already deprecated, Google's decision to give consumers the choice of whether to allow cookies could further decrease their usage, leaving advertisers and publishers with limited options. The reliance on publishers' first-party data becomes crucial, as it remains the only reliable signal that works for all consumers. Publishers must invest in collecting and managing their own data, while advertisers need to collaborate with publishers to find reach and performance beyond walled gardens. According to specific use cases, advertisers that take this approach have seen doubled sales and halved CPA, while publishers have experienced a significant increase in CPMs. The announcement signifies that the pace of change in the industry is now dictated by consumers rather than Google or regulatory authorities like the Competition and Markets Authority (CMA) in the UK, making it challenging to predict future developments, except for the continued deprecation of third-party cookies.
➡ Interesting in any case to read the comments of Jonathan Mew, CEO of #IAB UK: https://lnkd.in/eJSiJBCf
➡ Funny to read Ciarán O'Kane from ExchangeWire comparing it to an episode of ‘Dallas’.
🤑 A new cash machine in place ? anyway interesting to read the announcements coming from various Google managers (proof that they had been preparing for this announcement for a long time), including
Dan Taylor, Google's VP of Global Ads, mechanically whipping out his post machine gun.
important reminder!
➡ Cookies are already blocked for 70% of consumers. For advertisers, this means that reach has already disappeared and performance is truncated.
And for publishers, it means performance has collapsed for 70% of inventory.
➡ Factually, Cookies are already deprecated, but Google just explicitly places choice and deployment in the hands of consumers
Now, when given the choice, consumers massively opt out
➡ So the debate is simply whether, with this new scheme, we'll go from 30% of consumers having a cookie to 15%, 10% or 5%. Shall we place our bets?
None of these options leaves advertisers and publishers any choice: publishers' 1st party data is and will remain the only signal that works for 100% of consumers
Feel free to reach out Permutive team
▶ Joe Root, CEO
▶ Jay Stevens, COO
▶ Chloe Grutchfield, CPO
▶ Daniel Parker, CRO
▶ Rhiannon Prothero, Global Marketing Leader
▶ Richard King, International Head of Sales
▶ Julien Mentasti 📈
What do you think ? AdTechGod (™), Simon Halstead, Simon Bennett, Mathieu Roche, Marc Bresseel, Frank Ducret, Alysa Hutnik, Alain Sanjaume, Steven Millman, Angelina Eng, Todd Parsons, Fern Potter, Andrew Webb, Paul Gubbins, Bill Harvey, Anthony Katsur, Jeffrey Bustos