Yes, many advertisers are reporting strange fluctuations lately, a common issue is wild swings in CPM cost per thousand impressions and inconsistent delivery, even on historically stable campaigns, campaigns might spend the budget in a few hours or barely spend at all, and audience targeting seems less predictable than before, this points to ongoing algorithmic adjustments by Meta.
The cause is likely a combination of factors, meta is constantly testing new AI-driven optimization systems and consolidating ad placements, simultaneously, increased competition in certain verticals and seasonal budget shifts can disrupt performance, it's also possible that recent iOS updates continue to affect tracking accuracy, making the algorithm's job harder. To adapt, focus on simplification and monitoring, consolidate ad sets with broad targeting to give the algorithm more data, use Advantage+ shopping campaigns for e-commerce, and review your attribution windows, implement a strict creative testing routine and closely monitor frequency metrics, right now, flexibility and data-driven adjustments are more crucial than ever to navigate the instability.