š» [OBO DIGEST] Race, Gender, and Health
Why you should take a break, Pinterest lost 10 million dollarsā¦
Written by: Online Business Owner ā¢ November 15, 2021
Iām at the end of a weekend-long peer mastermind retreat in San Diego and feeling excited, refreshed, and clear about my next moves.
Iāve been reminded of the value of community, reflection, and talking about your ideas over the past few days. If you can find a space to make this happen in your business, I canāt recommend it enough!
News + Happenings
Facebook Is Removing Detailed Ad Targeting Related to Race, Gender, & Health
Facebook and Instagramās parent company Meta has announced that detailed ad targeting related to certain types of sensitive personal information will be removed from the platform in January. The ad targeting options that are being removed are related to ātopics people may perceive as sensitive, such as options referencing causes, organizations, or public figures that relate to health, race or ethnicity, political affiliation, religion, or sexual orientation.ā
These detailed ad targeting categories that are being eliminated arenāt actually based on how users look or their real identity or personal choices; instead, advertisers can use these interests and causes being eliminated to make targeting assumptions about users.
Graham Mudd, Metaās VP for Marketing and Ads, states āWeāve heard concerns from experts that targeting options like these could be used in ways that lead to negative experiences for people in underrepresented groupsā in the companyās announcement.
Examples provided by Meta include:
Health causes (e.g., āLung cancer awarenessā, āWorld Diabetes Dayā, āChemotherapyā)
Sexual orientation (e.g., āsame-sex marriageā and āLGBT cultureā)
Religious practices and groups (e.g., āCatholic Churchā and āJewish holidaysā)
Political beliefs, social issues, causes, organizations, and figures
Why this matters for online business -- Detailed targeting based on interest is helpful for online businesses, especially those that target more diverse populations or address particular specific issues. These changes could exacerbate already existing issues with Facebook Ads and changes this year based on iOS updates. The good news is that changes donāt take effect until mid-January -- you still have time to build custom audiences based on this detailed targeting and use those audiences and ads to generate engagement and traffic (which can then be turned into lookalike audiences for future ad campaigns). Facebook has also provided additional ideas for reaching your target audience in their announcement blog post.
Instagram Intros New āTake a Breakā Reminders
Instagram has announced a new āTake a Breakā feature to encourage users to take time off of the platform. The new feature, which is opt-in only, lets users set break reminders and gives them ideas of how to spend their time off the app. The update is being tested with a subset of users prior to a larger rollout.
Why this matters for online business
As creators and entrepreneurs continue to evaluate their social media habits, the āTake a Breakā feature is a welcome addition to Instagram (a platform thatās channeled all of the addictive features of TikTok in recent months). Unlike TikTok, the feature is totally optional (TikTok inserts ātake a breakā videos into the user experience at regular intervals); that means itās up to you to take ownership of your IG habits.
Social Media News + Updates
šø Instagram rolls out Voice Effects and Text-to-Speech for Reels
ā° TikTok launches new āCreative Exchangeā platform to generate paid collabs for creators
šŗ YouTube hides dislike counts on videos from public view to reduce dislike attacking behavior
š Clubhouse introduces Replays -- users can download audio and publish recordings on the app
In Other News
š Oxygen, a digital bank for freelancers, nears $500 million valuation.
š 3% of the workforce - a record 4.4M people - left their jobs in September as the Great Resignation continues