Facebook has announced two new tools to help marketers gauge the effectiveness of ads on the social networking website. "Lift API" feature helps many more advertisers, Facebook's marketing partners and other third-party measurement partners create their own lift studies for conversion rates, sales and mobile app installs. It builds on the Lift measurement tool Facebook initially announced in January this year which has since been employed by more than 1,000 businesses in various industries to gauge Facebook ads' effectiveness across their objectives reported on Sunday. The second tool (yet to be named) attempts to tackle how marketers often encounter problems with understanding which ads lead to conversions (sales, forms filled out, etc.) due to cookies. Both the tools have been characterized by Facebook as tests. Facebook is testing new fields and categories in its ad reporting which "will help advertisers understand which ads people saw or cli...
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