Facebook Inflated Video Ad Stats for Two Years
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According to the Wall Street Journal, ad agencies were first alerted to the problem when Facebook wrote a post in its Advertiser Help Centre saying it was introducing a new metric measuring time watched after realizing that its previous measure only counting views lasting more than 3 seconds, the time a video must be seen to count as a view.
Following inquiries from agencies, the social network disclosed that this could have inflated average viewing time by between 60% and 80%.
In a statement, Facebook said:
“We recently discovered an error in the way we calculate one of our video metrics. This error has been fixed, it did not impact billing, and we have notified our partners both through our product dashboards and via sales and publisher outreach.We also renamed the metric to make it clearer what we measure. This metric is one of many our partners use to assess their video campaigns.”
However, ad buyers are particularly displeased as the information will have impacted how they chose where to spend money online. – Read full article here