Facebook is giving Target and other retailers a new way to market to its 1.4 billion users. It's called product ads—yet another ad format that Facebook says sets it apart from rivals like Google because it can harness the social network's popularity and behavioral and location data on consumers.
The Menlo Park, Calif.-based company announced the marketing offering today, calling product ads "a solution designed to help businesses promote multiple products, or their entire catalogs, across all the devices their customers use: phones, tablets and desktop computers."
Shutterfly uses Facebook product ads.
Businesses will be able to upload their product catalogs and let Facebook generate ads for items while targeting them to users.
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