Quick overview of how Apple and Google screwed FB:
Each user has a unique ID on iOS and one on Android. For example, mine might be 696969.
Many apps use $Meta Platforms(FB.US$ 's ad services. In order to use FB's service, they have to add some Facebook code to their app to track conversions. For example, if I saw an ad for Robinhood on Instagram, I go download the app, I open the app, the little Facebook code on Robinhood will send a message to Zuckerberg HQ that user 696969 has downloaded the app. This allowed advertisers to know how effective each Facebook ad was. Now advertisers have no clue.
It just so happens that this tiny piece of Facebook code will also know that user 696969 opened this app at 7:02 am. And a finance app at 9:00am. A game at 10am. And so on. Facebook stores this data and starts building a profile of me, even outside of FB, Instagram, and Whatsapp.
Besides ads on IG, FB, and Whatsapp, Facebook also had the Audience Network. If I made a free app, I could show ads from Facebook and split the revenue with Facebook. Previously, Facebook knew exactly who you were even on 3rd party apps because my ID 696969 was still visible. This allowed Facebook to continue to show relevant ads to users. Not anymore.
On iOS, FB has no real way of knowing who is who anymore because it doesn't see 696969 anymore. FB is left on its own. Well played, $Apple(AAPL.US$ .
On Android, FB won't see who 696969 is anymore, but FB can request a profile, such as interests, of this anonymous user. But it's now Google that is the one creating a profile of me, and then sharing it anonymously with Facebook. It's a power move by $Alphabet-A(GOOGL.US$ $Alphabet-C(GOOG.US$ . Google is saying to FB, "you eat what I give you son". Well played, Google.
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Howardy : i expect the way the fed will do this is via a bunch of small 0.25% ones. ether way it wont be good for the market id say somewhere between its current price and $200 eoy
Provisionally : So FB is screwed and there are no solutions?
Bryan Basham : also you can go to your Google settings and under security set your peramiters to not track you or save your data. also set to delete all cookies upon leaving the app and always use a vpn or incognito tab to do anything online. also use brave or duck duck go browswers. you get a more unbiased search results.
Machiavellis3rdEye Bryan Basham: This is all really great advice man… one day soon we will shop around to pay for products as user centric and privacy minded as Brave. What a lifesaver. And the free Bat tokens serve as a great way to jump start your crypto education if any of you are still new!
If we could tip on moomoo for great content, you sir would get some of my loot!
Bryan Basham : Our goal in life is to learn all we can. Our mission is to share this knowledge with others so we may grow as a society, and not a singular entity. for when we dont pass on the knowledge we've acquired, its then that it dies with us. thankyou for your kind words. but knowledge should be shared freely so all may prosper.