by socialmediapark on December 8, 2009

Back in July we were the first to post about an impeding Facebook Ads API for agencies and large advertisers. Today, Justin Smith posted the latest documentation of the Facebook Ads API as provided by an unknown source. The service is just as we’d expect given that Facebook’s existing advertising platform uses JSON-encoded methods to generate CPM, CPC, and demographic data. The API methods enabled advertisers to create and modify the following: ad groups, campaigns, and individual ads.
Also included in the latest APIs is the ability to manage start and stop times of campaigns. In other words the API essentially lets partners automate the process of ad management. This means agencies and large ad buyers will be able to develop their own interfaces and even provide their own markups for ad management if they wanted. The primary benefit of the Facebook Ads API is on Facebook’s end however which will have a more efficient way for inventory to move through the system.
The easier that Facebook makes it for advertisers to get ads into the system, the quicker they can increase revenue. Ultimately there’s not much new information since we first wrote about the Facebook Ads API back in July, however you now can view the API methods available to the developers implementing the API. My guess is that the API won’t become mainstream anytime soon as the company is working directly with larger agencies for the time being.
Given the increasing number of variables within the Facebook ad platform, providing an [...]
by socialmediapark on December 8, 2009

At the Web 2.0 Summit a couple weeks ago, Owen Van Natta, CEO of MySpace, told the audience that “I really don’t view Facebook as a competitor.” It’s funny because absolutely every quote from the company in the press over the past couple weeks involves a differentiation from Facebook, and the more they discuss how they’re different, the more they appear to be a competitor. It’s an unfortunate truth for the company which missed its minimum traffic levels last quarter, costing the company $100 million.
Today’s quote from News Corp’s digital officer Jonathan Miller was that Facebook “is about what people are up to” whereas MySpace “is about what people are into”. Rather than completely turning the company around, executives at MySpace appear to be doing everything in their power to continue it’s competition with Facebook. For example MySpace ID, which the company is considering rebranding, “is focused on socializing content” around the web.
Isn’t that what Facebook Connect does though? Who is going to use MySpace as their primary identity service when they aren’t using it anymore? The real issue is that MySpace continues to speak in abstract terms and push forward on products that compete with Facebook rather than make a big gamble on completely redefining the site. With traffic continuing to tumble there are few things to suggest that a turnaround is in fact at hand.
Music: The Bright Spot In An Otherwise Bleak MySpace Picture
While the walls may be crumbling around MySpace, the company has managed to hang on [...]