Wednesday, February 29, 2012

Brands can now post to your Facebook page: How to Opt Out

Seems Facebook is selling space on your Timeline page, (Info in AP story below). If you don't want these ads to appear - and you want to block brands from posting in your Timeline, or using your photo in ads. This might work: 
  • Click on the drop down menu next to HOME on Facebook Nav bar
  • Select Account Settings
  • Click on Facebook Ads in the left hand menu
  • Edit "third party ad settings" to "No one" and Save
  • Edit "Social Ads settings" to "No one" and click Save.
That "should" opt you out - Good luck!

Brand-name deals to mix with Facebook friend posts

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NEW YORK (AP) — Messages from brands such as Walmart and Starbucks may soon be mixed in with your Facebook status updates and baby photos from friends and family.

Facebook unveiled new advertising opportunities Wednesday to help the world's biggest brands spread their messages on the world's largest online social network.

Brands you've endorsed by hitting the "like" button will now be able to push deals and other updates right into the news feeds that show your friends' updates, photos and links. These marketing messages could also show up if one of your friends has interacted with a brand, such as by liking it or commenting on a photo.

The new approach also means that advertisers will be able to reach users on mobile devices for the first time, giving Facebook a new and lucrative source of revenue.

The changes come ahead of Facebook's initial public offering of stock, expected this spring. The IPO could value the company at as much as $100 billion. That means Facebook has to prove it can bring in real advertising revenue from Target, Procter & Gamble and other massive brands.

"Facebook is making serious money from ads right now, but they are not making serious money from major brand advertisers. That's where the ad money is," said Rebecca Lieb, an analyst with the Altimeter Group. "They currently have rather low-rent, shoddy ads on Facebook."

That could change as Facebook starts integrating brands' messages into the news feeds of its 845 million users as part of a long-term vision of moving from ads to stories about brands.

Rather than bombarding people with flashy ads, Facebook is urging companies to integrate themselves into what people are already doing on the site — talking to their friends and family, commenting on photos or posting news links.

"The definition of the word 'advertise' is to draw attention to," said Chris Cox, Facebook's vice president of product. "The definition of a story is narration, which you'd think is what people prefer."

Facebook has a vast trove of information about its users' lives, hobbies, likes and dislikes, yet the company has kept advertising fairly unobtrusive to date. Ads for teeth-whitening, wineries and laundry detergent and the like are relegated to the right side of users' Facebook pages. Over time, Web-savvy users have grown used to ads and many are tuning them out.

Those ads are not going away, but brands will now be able to push updates — or as Facebook likes to call, "stories" — right into the news feeds. Facebook's challenge will be to keep these ads as unobtrusive as possible so that users are not alienated or driven to "unlike" brands.

"A typical page post reaches 16 percent of our fans," he said. "Now we have the opportunity to boost that to 70 to 75 percent."

Companies can continue to set up Facebook pages on their brands for free. They'd pay to insert updates into news feeds and elsewhere based on the number of fans they have. In other words, posting the message will remain free, but getting more people to see it will cost money.

Facebook will collect feedback and test how users respond as it rolls out the changes gradually. At first, users may see just one message a day from a brand inside their news feed, or even less. And they won't see messages from random companies they are not connected to in some way — directly or through a friend.

Beyond the updates within news feeds, Facebook will also start showing ads when people log out of the site.

AP Retail Writer Mae Anderson contributed to this report.