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The Documentary Podcast

The advertising trap

The Documentary Podcast

BBC

Society & Culture, Documentary, Personal Journals

4.32.6K Ratings

🗓️ 21 May 2022

⏱️ 50 minutes

🧾️ Download transcript

Summary

Digital advertising has taken over the world. But is it all based on smoke and mirrors? Ed Butler investigates what some claim is a massive collective deception - a trillion dollar marketing pitch that simply does not deliver value to any of those paying for it. Do online ads actually work, or could it be that some of the biggest names in global tech - from Google to Facebook - are founded on a false prospectus?

Transcript

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0:00.0

What goes into making the business daily podcast from the BBC World Service?

0:05.4

Well first we take a cup full of business news.

0:08.0

Naturally.

0:08.8

Then we add a healthy measure of technology.

0:11.0

Mmm.

0:12.0

Along with a pinch of exciting innovation.

0:14.8

Business daily from the BBC World Service.

0:17.7

Find out more at the end of this podcast.

0:20.2

BBC World Service.

0:38.0

From the New York Times, February 16th 2012, how companies learn your secrets.

0:46.1

I remember when I read that story and feeling fascinated, but second feeling quite disturbed.

0:53.8

Now I'd like you to listen to this carefully if you don't mind because the tale you're

0:58.0

about to hear helps to explain much of what we know or think we know about the modern digital

1:04.5

economy.

1:05.6

This is the writer and technology researcher Stephanie Hare recalling one newspaper story

1:10.7

written about a decade ago.

1:13.1

So the story that was in the New York Times was about the store target, which is a sort

1:17.3

of big American grocery store and so much more.

1:20.8

You can get almost anything at target very affordably.

1:24.1

What target did was it got very big on data analytics and it started profiling its customers

1:29.2

based on their purchasing habits.

1:31.7

And the story was that they started using their pregnancy prediction score mechanism where

...

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