👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

Google keeps Android ad tool into at least 2024, exploring other options

Published 02/16/2022, 08:04 AM
Updated 02/16/2022, 09:32 AM
© Reuters. FILE PHOTO: The Google logo is pictured at the entrance to the Google offices in London, Britain January 18, 2019. REUTERS/Hannah McKay/File Photo
GOOGL
-
AAPL
-
ATVI
-
META
-
GOOG
-
SNAP
-

By Paresh Dave

NEW YORK (Reuters) - Alphabet (NASDAQ:GOOGL) Inc's Google on Wednesday said it would keep alive for at least two years a tracking technology on its Android phones that is relied upon by advertisers, easing speculation about its plans after Apple Inc (NASDAQ:AAPL) frustrated the ad industry by restricting a similar tool.

Google said it would give "substantial notice" before axing what is known as AdId. But it will immediately begin seeking feedback on its proposed alternatives, which Google said aim to better protect users' privacy and curb covert surveillance.

Advertisers, app makers and hundreds of small ad tech companies had expected changes to AdId after Apple last April forced software makers to seek user permission to track behavior across multiple apps through its comparable tool, called IDFA.

Facebook (NASDAQ:FB) owner Meta Platforms Inc said this month it expects to lose $10 billion in ad sales this year due to Apple's change, one of a number of companies that have reported hits from the move. IDFA and AdId help in determining relevant ads and identifying subsequent purchases. But as users declined tracking, advertisers pared spending.

Google and Apple, which make the dueling operating systems used in most of the world's smartphones and tablets, have faced pressure over the past few years from regulators and new laws to give users greater control over the data apps collect.

Google said it would work with app makers such as Snap Inc (NYSE:SNAP) and Activision Blizzard Inc (NASDAQ:ATVI) to design tools that support targeting ads and logging clicks while limiting access to personal information.

© Reuters. FILE PHOTO: The Google logo is pictured at the entrance to the Google offices in London, Britain January 18, 2019. REUTERS/Hannah McKay/File Photo

An earlier move by Google to eliminate tracking technology in its Chrome browser by the end of 2023 led some of the company's ad tech rivals to complain to competition authorities.

Last week, Google finalized a deal to have the U.K. antitrust regulator monitor the Chrome project. Google said it would apply the agreement's principles, including treating itself the same as any rival, to the Android work.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.