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Tech

Facebook is changing the video ad game in a big way

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
By
Benjamin Snyder
Benjamin Snyder
Managing Editor
July 1, 2015, 10:40 AM ET
Photograph by Jonathan Nackstrand — Getty Images

If you’re marketing a product via a video ad on Facebook, life just got a little better.

That’s because Facebook now offers an option for marketers to pay up only after a video has played for 10 seconds, The Wall Street Journalreports. Previously, a marketer was charged for each impression made on the video even if it was merely watched for a brief moment while it auto-played.

A Facebook spokesperson said the company still believes its cost-per-impression format will remain more popular.

“We strongly believe in giving marketers flexibility over how they buy video ads, and we listened to feedback which is why we’re offering the new cost-per-view option,” the spokesperson told the Journal. “We don’t believe it’s the best option in terms of capturing the best value and brand objectives marketers care about, but we want to give them control and choice over how they buy.”

The new video ad option kicks off on Tuesday. Facebook has boasted in the past that it gets 4 billion video views per day.
Fortune’s Erin Griffith wrote in-depth about Facebook’s video offerings recently. Read here for more.
About the Author
By Benjamin SnyderManaging Editor
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Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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