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.
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.
The approval process for Google's alternative to third-party cookies
In order to completely eliminate third-party cookies, Google needs approval from the UK's competition and markets authority (CMA) for its Privacy Sandbox. The CMA will scrutinize Google's plans to ensure that user privacy is genuinely protected and that competitors are not unfairly impacted. The approval process could take two to four months, and it is crucial for Google to obtain the CMA's approval to avoid a scenario where third-party cookies are phased out without a viable alternative. The future of online advertising without third-party cookies remains uncertain, and stakeholders are keenly watching the outcome of the approval process.
In today’s episode for 29th January 2024, we tell you why Google is ditching cookies in 2024 and how businesses might just have to survive without them.
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