The online 'cookie' has turned stale. Here's what advertisers are cooking up to replace it.

If only it sounded as friendly as "cookie"...

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(Image credit: (Thinkstock))

The $10 billion online advertising industry is in a state of crisis. That is, if we are to believe "Privacy and Tracking in a Post-Cookie World," a recent report from the advertising trade group Interactive Advertising Bureau (IAB).

As this IAB report details, the online marketing industry requires accurate, pervasive monitoring of our online habits. The data that results from this monitoring is turned into profiles, and these profiles get sold to advertisers in a hyperspeed auction that takes place in the milliseconds before your browser loads the next webpage. This practice of monitoring our habits, profiling us, and selling our eyes to the highest bidder is called Online Behavioral Advertising (OBA).

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Robert W. Gehl is an assistant professor of communication at the University of Utah. His research is on the culture of technology. His book, Reverse Engineering Social Media (2014, Temple U Press) is a critical exploration of the history of social media software and culture.