Earlier quoted context omitted.
Also, nearly $125B was spent on internet advertising in the US in 2020, per the first estimate I found on the internet [1]. While Google and Facebook keep huge chunks of that, my guess is at least 40% flows through to publishers. So that's a $50B revenue stream to publishers (all sorts of web sites, including news; apps, musicians (via spotify and so forth)) that we're talking about breaking. I really don't believe p…
So if suddenly all tracking stopped, advertisers would just stop spending money on advertising? That doesn't seem right... advertisers published ads before tracking was a thing, they would still do it if tracking becomes impossible.
With respect to eg brand advertising: even if you get past an inability to measure impact, once you break most of the ad infra, ad buyers simply aren't going to negotiate / buy with small sites. It's not worth their time or money. Small here is probably less than millions of uniques per day.
With respect to direct response advertising, you've mostly lost the ability to track a conversion. So it becomes pointless.
The advertising before extensive tracking was a different time: way way less money, way fewer ads, way less ad blindness amongst viewers, way way way fewer publishers, etc.
Will some advertising persist? Absolutely. eg the branded / source trackable referral codes that podcast advertising uses. But there will be an enormous falloff in dollars pointed at publishers.
And to be clear, I'm not a fan of 3rd party tracking. But we should be deliberate before we end the ad-supported internet.