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Implications of Google Calling Off Chrome 3P Cookie Deprecation

Yesterday, Google announced that it will no longer deprecate third-party cookies in the Chrome browser. Instead, Google will “introduce a new experience in Chrome that lets people make an informed choice that applies across their web browsing” and will also introduce its IP Protection initiative (formerly known as Gnatcatcher) to Chrome by default by 2025.
In this brief note, we review the implications of the decision for a variety of players in the digital advertising ecosystem, including TTD and other open web ad tech companies, META, and social media platforms, and GOOGL itself.
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New Street Research
New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

  • Pan European Telecom Services and Cable
  • US Telecoms, Cable, Satellite and Towers
  • Global Emerging Market Telecoms
  • Japan Telecoms
  • Asian Internet
  • Pan European Healthcare
  • Global healthcare thematic research

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  • Pan European Telecom Services and Cable


Analysts
Dan Salmon

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