Lookery is a new company that's launching an ad network targeted at Facebook applications, helping advertisers reach the social network's 32m users.
It is the brainchild of Scott Rafer, an entrepreneur whose last venture was MyBlogLog, sold to Yahoo! in January for $10m (£5m). He has launched Lookery in conjunction with Compete co-founder David Cancel.
Because the terms of Facebook's new open platform allows third party developers to access user profiles, Lookery hopes to provide advertisers with detailed data that will allow precise targeting of ads.
Though this data can only be held for 24 hours, Lookery can still use it to build up demographic profiles of the types of applications that different groups of users are adding to their profiles.
Lookery launched last week, so has only has a small number of publishers signed up so far, including Lending Club, which has been successful so far on Facebook.
Graham Charlton is Senior Reporter at Econsultancy. Follow him on Twitter or connect via Linkedin.
Posted 27 July 2007 14:39pm by Graham Charlton with 2 comments
Tags: Web 2.0, Startups, Entrepreneur
Topics: Online Advertising, Social Networks & Online Communities
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Graham Charlton
Online Advertising
1:05AM on 28th July 2007
kind of you. let me know if i can be of use.
10:09PM on 29th July 2007
It will be interesting to see how this works in practice because already adverts from Experian are appearing in the news feeds - which to some users feels like an invasion of their 'walled garden'.
Facebook 'friends' are increasingly becoming aware of the data mining potential of this site and are starting to remove applications and limit profiles. Will more targeted advertising, particularly if it is integrated with the feeds or profiles be a 'turn off' to users?