This not a moaning post! Peformance tanked on 7th August and cant figure out why - please help
I run ads for a FinTech, still not spending a massive amount, £1k per day. At the moment because it's so early this mostly goes into an ABO testing campaign and CBO scaling was due to launch last week.
But I added two new ad sets into the ABO on 7th August and since then the ENTIRE ACCOUNT just totally imploded. Ads that have been driving £20 CPA for two months suddenly started driving a £250-300 overnight. The new ads were performing terribly. I have since tried to start a new campaign to force a reset, new Ad entities etc but nothing has worked. As far as I can tell tracking is fine (the conversion event can only be done through CAPI, not Browser because of a quirk of their app requiring connection to a third party bank which loses tracking).
Every other metric has stayed consistent - CPM, CTR, CPC, CP1kR. Just the final conversion event.
So, this isn't a post to whine about Meta. It's a call for ideas on what could have caused this sudden implosion. I have been doing this for 12 years and never seen anything like this.