Facebook ads went from $0.01 CPC to $0.04-$0.06 CPC. I heard it’s happening to others too.

Back in late December I created a campaign and ran some ads that were all getting me between <0.01CPC to at most $0.02 CPC for a US-targeted audience. I was able to achieve these rates by targeting 5 different audiences. For just over a month this was very profitable for me as I was making $0.05-$0.08 profit per $0.01 spent, and I was spending roughly $80-$100 a day on ads. Then, my Facebook ads account got banned at the end of January, for unknown reasons. Long-story short, I used every…

Facebook ads went from $0.01 CPC to $0.04-$0.06 CPC. I heard it's happening to others too.