Today, Facebook announced a new type of ad coming to the social network: product advertisements. The idea behind these new product ads is companies can upload their entire product catalog and create ad campaigns that target specific types of people, or even let Facebook automatically show ads for the right products to the right people. For example, a company can now automatically target a person who has previously visited their website or opened their app. Testing with companies showed a 20% increase in conversion, according to_Kristi Argyilan, Senior Vice President at Target. The new ad type is available today via…

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