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Finshots Daily

Google’s cookie is crumbling. Finally.

Jan 29, 2024
05:53
Snipd AI
Google is ditching cookies in 2024. The episode explores the rise and fall of cookies, their impact on advertising, and Google's decision to drop third party cookies and the challenges it poses for advertisers.
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Podcast summary created with Snipd AI

Quick takeaways

  • Google is dropping third-party cookies from its Chrome browser in 2024 due to privacy concerns, impacting advertisers heavily reliant on targeted advertising.
  • Google needs approval from the UK's competition and markets authority (CMA) for its Privacy Sandbox, which could take two to four months, and the outcomes will determine the future of online advertising without third-party cookies.

Deep dives

Google's decision to phase out third-party cookies

Google announced that it would drop third-party cookies completely from its Chrome browser in 2024, affecting over 3 billion people worldwide. This decision is driven by privacy concerns, as people have become increasingly annoyed with online tracking. Other regions, such as Europe with its GDPR law, have already taken steps to protect user privacy. Advertisers heavily rely on third-party cookies for targeted advertising, and this change by Google could pose a challenge to their business models. However, Google is working on an alternative solution called the Privacy Sandbox, which involves grouping users based on their browsing history and sharing aggregated data with advertisers.

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