You know it was a busy day when a $6.5 billion acquisition is our number three item. Identity platform Okta just spent that much for Auth0, which offers similar capabilities but targets application developers. Forbes quoted Okta’s CEO as saying they are competing with Microsoft, Salesforce, and Zoom to be a “primary cloud”. Zoom?
Yesterday’s announcement that Google wouldn’t support individual-level alternatives to cookie-based identifiers shouldn’t have been a surprise. But this Lotame survey shows that 60% of U.S. senior decision makers still expect to target ads using multiple, interoperable ID solutions and 22% think just one will be enough. Only 44% think that publishers’ first-party data is a good replacement for third-party cookies and fewer 35% of marketers think contextual advertising will do the trick.
We also had a definitive announcement from Google that once it stops allowing third-party cookies in the Chrome browser, it also won’t accept similar-functioning replacements. Specifically, Google won’t build individual-level profiles based on browsing behavior. The move will favor publishers who collect huge stores of first party data, such as, well, Google.
Treasure Data will provide its system to free for companies that are stuck in contracts with other CDPs. The trade-up program is available to companies with roughly firms with $1 billion or more revenue, that already have a competitive CDP in place. There will still be some costs for services to make the conversion but Treasure Data says these are fairly small since it has considerable experience with such projects.