Facebook Launches New Mobile App Ad Service

Facebook said it would launch a service that will let advertisers pay for ads only when they are scrolled through from top to bottom on its news feed.

The new service, called “100% in-view impressions,” will include text, photo, link and video ads, the company said in a blog post on Thursday.

Facebook also said it was partnering with Moat, an ad analytics company, which would verify video ad metrics on Facebook.com to give advertisers details on the performance of their video campaigns.

The company said Moat would later extend its services to all other ads on news feed, and also to ads on Facebook’s photo-sharing app, Instagram.

Last week, Instagram opened its platform to most advertisers across the globe to make more money and compete with popular rivals such as Snapchat.

In July, Facebook reported better-than-expected second-quarter revenue but profit fell 9% as the social media company sharply increased spending to boost mobile revenue and future growth.

Facebook, which bought Instagram in 2012 for $1 billion, dominates mobile advertising, with more than 75% of its $3.8 billion ad revenue coming from phones.