Showing posts with label Facebook. Show all posts
Showing posts with label Facebook. Show all posts

Faceebook to Have Outside Audit of Ad Data after Ad Data Discrepancy




 Facebook Inc. FB recently agreed to evaluation of its advertising metrics by measurement watchdog Media Rating Council (MRC). This is not surprising in the light of the confessions by the company regarding its miscalculations of ad measurements last year.

Last September, Facebook first indentified a “mistake” in it ads metrics. The tech giant realized that it had been overstating the average time spent by users on watching videos. The company only took into account the video with views greater than three seconds, excluding the ones with the views of lesser time, thereby leading to greater than actual average view metrics. Following this, in Nov 2016, Facebook revealed that it had found ‘discrepancies” in calculation in four more metrics followed by two more in December

Facebook promised an outside audit of data it provides advertisers in a move apparently aimed at calming concerns about accuracy.

This news comes just months after the leading social network announced it was working to fix flaws in its metrics calculations that led to audiences being overestimated at times.