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Facebook working on location based ads

John Moe Jun 19, 2012

I know what you’re thinking: “The modern world of technology is fine and all, with our Surface tablet PCs and our Zunes and apps and surfing the webs and reading our Harry Potter books on our Kindles, but IF ONLY ADVERTISERS KNEW WHERE WE WERE AT ALL TIMES.” Good news, weirdo who thinks like that, because that’s exactly what Facebook is working on. The company has been experimenting with the option to deliver ads pertaining to local businesses while those customers are near those businesses.

From Bloomberg:

“Phones can be location-specific so you can start to imagine what the product evolution might look like over time, particularly for retailers,” Carolyn Everson, Facebook’s vice president of global marketing solutions, said in a telephone interview. “We’ve had offers being tested over the last couple of months.”

It’s probably another way that Facebook is trying to make money off of mobile and thus solve the great financial conundrum facing the platform: ads bring in money but under the current model mobile can’t bring in ads.

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