Let's say you continue liking posts on your favorite news site, they can learn a lot about your interests. However if you arbitrarily like a page due to an ad, it may not be as much of a signal. Facebook can test your interest again by subtly displaying a post related to that like you made and see if you respond to it. Enough non-responses cancels out the value of that initial like.
The point is: to think that Facebook is only using a "like" on the surface to optimize the feed is significantly underestimating the company.
But to think that they have somehow solved the problem of intent is significantly overestimating the company.
And they still haven't solved the problem of giving me the right advertising in the right moment. They are just ads based on my interest.
It's a very very different thing than what google are able to do.
Is this the same thing as capturing in-the-moment intent, the way Google can with AdWords? No. Is it as powerful? The jury's still out. What Facebook does certainly isn't as elegant as what Google is able to do. It's more of a brute force solution to capturing your intent, whereas Google goes right to the point of action. But Google's approach has its weaknesses, too: it can't influence you upstream of your search. (Facebook can, at least in theory).
Traditionally, people have thought about online advertising as very transactional, situational thing. You're served an ad, and either you click it or you don't. If you click it, either you're converted to sale or you aren't. Done. Facebook is playing a different game. It's trying to influence your behaviors before you're served the ad -- both to serve you ads you're more likely to bite, and to stimulate your demand for ads in the first place. It still faces the problem of conversion, and Google is much better at conversion. But Facebook is operating from a fundamentally different strategic equation.
To put it broadly: Google is great at selling you the things you want; Facebook may become great at selling you the things you didn't realize you wanted.
I think that is what I am struggling with understanding the value of.
If I know you go by Petes Coffee every day then great I know something about you. Now how is that relevant for starbuck in any way that isn't already solved with knowing I drink coffee.
So StarBucks can try and get me to become a customer at their store. Fine but then we are back at how do they reach me?
They will have to depend on me checking my feed at some point where it's relevant or start spamming my updates tab when I walk by.
That's possible but a very very dangerous game to play IMHO.
With regards to upstream. Google as a working mobile app store :) FBs isn't even close to having solved that issue.
Edit: Saw you edited your comment so here is my edit to your edit :)
With regards to selling me things I didn't know I wanted then I sure don't hope that is their strategy. Cause that is such a big trial and error it's not even funny.
A user is currently valued at around 4USD, it needs to increase quite significantly and with a much harder job then (selling you things your didn't know you wanted).
FaceBook might be working on things we don't know about, of course they are, but OpenGraph to the best of my knowledge is not able to transcend from knowledge about habits into intent. Adding to that the problem with not having the ability to serve me with answers when I want them (especially hard on the mobile unless they want to turn it into a spam channel) then I don't see that as being a viable strategy.
But sure I might be wrong.
(1) Some clients need a lot more customers than a first rank ad at Google search may offer in a given time period. Social web sites offer a huge capacity, albeit less relevant. Facebook and social web sites are challenged to innovate and increase relevancy in engagements for different actions they provide and will provide. Likes are a step in the right direction for Facebook impressions.
(2) Sometimes ads are crafted in a way to create intent, taking relevance factor into account, in case ROI calculations make sense.
(3) Search is already the most exploited channel by majority of businesses and costs are already too high especially for low-performing competitors with smaller lifetime values or low profit margins.
(4) In conversion-based ROI focused campaigns, the click prices ideally reflect the end results of everything you discussed here and much more, in an efficient ad market.
(5) Advertisers are interested in new channels. And they would be interested in targeting their FB pages likes and your FB pages likes equally.
If I where Facebook I would rethink Calender.
Turn it into a "future timeline" and add goals, to-do's allow for easy calender integration.
That way they might now own actual intent, but future intent.
Going on a trip? (find cheap tickets or hotels)
Loosing weight? (here are places, products & diets)
Going to run a marathon (products, books on training, websites to join)
Planning bachelors party? (events)
Bought a ticket (add to calender and propose things to do before)
Then their data would begin to be interesting and they would own a type of intent that Google doesn't (Because they mostly lack the proper context).
Right now the calender is primarily around parties and conferences. Expand that then at least I think they would have a chance of providing relevance and would have better time finding out when to present ads.
I see a few attempts but they need to re-do it completely.