Another day, another glitch at Facebook. As most have heard, the FTC is investigating Facebook for privacy law violations. Is this another glitch as I wrote about here and here? Take their word and trust them again? With the continuous lack of transparency this freeloaders days are numbered.
The consumers, advertisers, publishers, and exchanges have a new advocate fighting for complete transparency in the massive market of digital fraud.
Why should a consumer indirectly pay for Facebook’s lack of transparency?
Why should an advertiser waste billions on fake human traffic that will never convert to a sale?
Why should legitimate publishers get penalized with lower prices because of the ever increasing supply of fake traffic?
The Dark Ages are now gone!
Check out the new SecureAd dashboard bringing light into Facebooks darkness. Or for that matter, bringing light into all networks. Oxford BioChronometrics is your advocate of transparency with all digital networks.
Our Chief Marketing Officer William Scheckel was recently interviewed by Equities titled “Digital Ad Fraud is a $20 billion Issue. Here’s How to Stop It”. The interview drives home the importance of protecting digital assets such as digital ads from bots. The bad actors want your dollars. Value creation is seen directly in ROI on how effective digital assets are protected.
My favorite scene from the movie “Trading Places” with Eddie Murphy as Billy Ray Valentine and Dan Aykroyd as Lewis Winthorpe III is the ending in the Comex Commodities Exchange Center (CCEC) Orange Juice pits. The scene:
Valentine: Oh you see, I made Lewis a bet here. Lewis made me a bet that we both couldn’t get rich and put you both in the poor house at the same time. He didn’t think we could do it. I won.
Lewis: I lost… One Dollar!
Valentine: Thank you Lewis.
Lewis: After you.
Valentine: Certainly. (Lewis laughing.)
Exchange Floor Official: Margin call, gentlemen.
Mortimer Duke: Why you can’t expect…
President of Exchange: You know the rules. All accounts to be settled at the end of the day’s trading, without exception.
This last statement from the President of the Exchange to both Dukes is why futures work. Most importantly real orange juice (OJ) will be delivered. I mentioned “real” because in adtech, we see different types of fraud delivered.
The futures contracts represent real orange juice. The buyers aren’t expecting fake orange juice. When delivery occurs, real orange juice is really delivered. In adtech its much more different. The term fake adtech is real. End of month ad stuffing is seen with publishers “marking the close” a term from Wall St which is a form of market manipulation. This marking the close is done by ad bots which are artificially generating revenue for the publishers on the advertisers dime.
Other types of fraud exist in adtech which is why a futures market in adtech is very difficult to make. The problem is a buyer of a contract really expects real orange juice. In adtech a buyer doesn’t know what they are buying.
Futures is a way for a farmer to hedge their crops for unforeseen events in weather. They’d rather get paid now and push the future risk off to somebody else. Other buyers or speculators provide liquidity for this sale.
In adtech, we are in a new dawn of super fast changing news. Publishers want to get paid but also have risk from the latest news scandal and an advertiser dropping them as a result of the scandal. This is risk publishers would gladly like to eliminate. If both parties trust what will be delivered, a new market will be created in adtech.
Transparency meaning real ads viewed or clicked by a human is the last step needed for futures on digital ads.
Scams coming from the telephone number of 202-697-7005. Their message is below.
This call is regarding an enforcement action which has been executed by the US treasury department regarding tax fraud against your name ignoring this would be an intentional or tempt to avoid initial appearance before the magistrate judge were exempt jury for a federal criminal offense so before this matter goes to Federal Claims Court house or before you get arrested. Kindly call us back on our number as soon as possible. The number to reach us is 202-697-7005. Let me repeat the number 8-202-697-7005 hope to hear from you soon before the charges are pressed against you. Thank you. Charges are pressed against you. Thank you.