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..... means I will see fewer banner ads for dancing monkeys and silhouettes offering me low mortgages...
right, you'll see bouncing monkeys juggling cell phones - only the poor schmucks who were surfing for interest rate info will see the "low interest" mortgage ads from both legitimate and dubious lending sources.
I am a beneficiary of the system and a believer in the need for internet advertising but I'm waiting to see what sprouts out before complementing these profiling decisions. I'm getting tired of Google explaining how virtuous the advertising cycle that makes Google billions is for everybody else.
Google does far too little quality control on their ad base. "e.g. try a search for "free ringtones" and look at the laundry list of misleading advertisements, scammy companies, and bs.
Online advertising could easily be cleaned up but it would take revenue cuts that are unacceptable to publishers. Therefore buyers should not rejoice at more targeted advertisments, rather they should continue to be skeptical of naive and foolish claims that their interests will align perfectly with publishers and with Google. They probably *never* will.
On the up side you, I, and Google are going to make more money from this change. Thanks Google!
You hit the nail right on the head here. The thing that annoys you and Susan isn't ads, it's low quality ads.
You can think of two different axes for content: commercial/noncommercial, and interesting/uninteresting. Quality is in the eye of the beholder, and largely determined by how well targeted the ad is. Online ads have generally been uninteresting, and thus annoying. The hope is that as targeting improves, the perceived quality (as well as the effectiveness) of the ads will improve as well.
If all you saw were ads for cool Web 2.0 services, you wouldn't find them annoying at all - in fact at some point, it becomes worthwhile to read the ads as content.
Matt @8^1
I also worked for an ad network a few years back and we were just starting to deploy some behavioral targeting functionality. I think many people don't understand or are naive about privacy concerns and how the targeting works. Our targeting (and I'm guessing most others) was based on storing your surfing history in a cookie for sites that ran our ad code. So basically we could target ads based on recency and frequency along with geo data based on knowing what kind of sites a users visited. It didn't work great but was definitely better than throwing a random dart.
So my guess is that this logic may have more data points and has evolved but basically I'm guessing it's similar to what Google will be doing. I personally like getting better targeted ads and welcome this. It will be interesting to see how well it works. Unfortunately for you Louis I'm pretty sure this won't have any effect on you continuing to get dancing monkey ads as this functionality will be limited to ads served by Google.
I visited a MMORPG game site once and now 50% of my display ads are for that game. The ads are very effective so I notice them, although I admit not to have signed up yet.