#SocialMediaMarketing
Facebook, Which Knows Everything About You, Really Wants to Be Friends With Automakers
Facebook isn’t just a hotbed of meaningless virtue signaling, thinly veiled racism, political rants, and overly serious arguments with people you haven’t seen in several years. It’s also a great place for advertisers to spend their money — at least, that’s what the platform wants automobile manufacturers to believe. The social media site is trying to establish closer ties with the industry, and went so far as to send COO Sheryl Sandberg to Detroit to host the first Facebook Automotive Summit in five years.
However, if you’re anything like me, your feed is probably already clogged up with car ads. This morning’s limited browsing yielded placements for Jaguar and Genesis before asking me when I last drove a Hyundai. Facebook thinks it can do more, targeting the subset of its 2 billion users which could benefit automakers the most. While the website has stepped up its game, future ad investments will still suffer from runoff to zero-engagement click farms in countries like India, Egypt, and Brazil.
A large company might deem those losses acceptable, but does it really matter when so few people buy new cars online?
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