Good morning: Inflationary pressures hitting consumer data
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Good morning, Marketers, may you have much more wheat than chaff.
The crumbling of third-party cookies has made consumer data harder to come by and thus more expensive. This is good news for tech giants like Google (which killed cookies on its Chrome browser), Snap, TikTok, Amazon, Pinterest, et al. because they have a lot of first person data. Not so good for everyone else, though.
Max Greenberg, co-founder of online eyewear retailer Stoggles, said something which should chill every marketer. “The days of supercheap and very targeted online marketing are over,” he recently told The New York Times.
This is yet another increasing cost for businesses. However, because it cuts into their ability to attract customers, it may hurt more than most.
Constantine von Hoffman,
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