Worth Reading: For Facebook, Mobile Ads Aren’t Enough

Last week DIGIDAY’s Mike Shields wrote about how Facebook, with one of the most popular apps and mobile sites, doesn’t run mobile ads.
Ben Kunz, director of strategic planning at Mediassociates, thinks the reason has little to do with advertising. In his view, Kunz is after a far larger market than just the mobile ad business. It wants nothing less than to compete with Apple, Google, American Express and other giants to become the mobile wallet.
Facebook has a choice: It could clutter up its tiny mobile interface with ads, potentially turning off mobile users, or it could include a new beneficial service that helps users make payments with cell phones, while charging an invisible, small slice to merchants. Hmm. Which would you Like?
There’s no doubt Facebook faces many directions it can go with its massive and engaged user base. With its fledgling virtual currency, it might just be after a much larger prize than cracking the code on mobile ads.
https://staging.digiday.com/?p=4969

More in Media

YouTube is under fire again, this time over child protection

Adalytics Research asks, ‘Are YouTube advertisers inadvertently harvesting data from millions of children?’

Illustration of a puzzle that spells out the word 'media.'

Media Briefing: Publishers pump up per-subscriber revenue amid ad revenue declines

Publishers’ Q2 earnings reveal digital advertising is still in a tight spot, but digital subscriptions are picking up steam.

Lessons for AI from the ad-tech era: ‘We’re living in a memory-less world’

Experts reflect how the failures of social media and online advertising can help the industry improve the next era of innovation.