> Where you go, what you buy; a perfect snapshot of millions of ordinary lives. They were betting that this would be the currency of the future, as fundamental as oil: the stuff that rules the world.8 >They were wrong, The fact that both Google and Facebook are based on precisely this suggests to me that it is not the theory that is wrong but the execution of the other examples. Uber - where you drive - just isn’t al…
On paper this looks good for the marketer. Why yes, we can take our captured population and send them ads to local partners who now get these customers patronizing their business. Seems like it would be a great lucrative deal for both parties, right?
Of course logic says it doesn't work like that. Like I said, no one sits there looking at uber ads the entire ride. No one tells the uber driver "hey wait, I know I was trying to get where I was going but all the sudden I am surprisingly hungry, lets divert a half mile and potentially 20 minutes so I could get a $4 bacon egg and cheese." It just doesn't happen.
But the dance must continue of course. Maybe the uber people responsible for this feature don't even care at all that it works, only that their shareholders think it works and their advertising partners also think it works. That is incentive enough to keep up the farce even with no supporting data because the money, in the end, is very real. After all, everyone on earth knows about coke thats sold in every store on earth, but the ads still need to be purchased because the purchase itself is a more important metric than the end result.