Johnny Fitton

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instead of determining placement based solely on the price paid, they would use a formula that multiplied the price paid per impression with the ad's performance (click‐through‐rate) to determine placement, so that the best‐performing ads—the ones most likely to be most relevant to users—would rise to the top, and the worst ads would be unlikely to be displayed at all, even if they were sold at a higher price.
Inspired: How to Create Tech Products Customers Love (Silicon Valley Product Group)
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