Facebook ads are somewhat innocuous. The ads do need to be this way otherwise the user experience on the social media site would be difficult. No one wants to deal with annoying ads. So, Facebook employs a more subtle approach to presenting ads. A new decision by Facebook Health may lead to certain ads being impossible to ignore. Facebook wants to access revenue from pharmaceutical companies’ advertising budgets.
“Big pharma” has learned the same lesson many other industries discovered. Online and digital advertising is not the future. It is the present. Expanding online advertising through social media makes perfect sense. Pharmaceutical companies do understand a massive potential audience exists on social media platforms. This is why pharma companies have invested in Twitter and other social media sites. Surprisingly, Facebook has not previously invested much time or resources to draw in pharmaceutical company advertising dollars. The Facebook Health team has certainly noticed that big money has flooded into Twitter and Google’s coffers.
Facebook might be a very successful company, but the success is rooted in its ability to generate a profit. The number of people who sign up with Facebook and are active on the social network does not translate into sustainability. The social media platform still must make money in order to survive. Advertisers are in the same proverbial boat.
Pharma companies do need to advertise as well in order to maintain profitability and good stock prices. The digital and online worlds are perfectly new landscapes for informative pharmaceutical ads.