Google’s latest announcement of not developing and using technologies that track people individually across the internet has created turmoil in the digital advertising industry. The impact was so powerful that the stock of the California-based ad tech company, The Trade Desk, dropped by more than 20%. The Trade Desk has spearheaded a technology known as Unified ID 2.0, which is based on users’ email addresses, as an alternative to third-party cookies. But in its latest announcement, Google has said it does not believe that email-based identity solutions will be able to meet rising consumer expectations for privacy. It also stated that these solutions will not be able to stand up to rapidly evolving regulatory restrictions, and therefore aren’t a sustainable long-term investment. The adverse effects of Google’s new announcement were not only faced by The Trade Desk, but other big players in the digital advertising industry also bore the impact. The stock of PubMatic dropped by ...
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