CBO is no longer mandatory for facebook ads.

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Yup, and we are all happy about it! :D It is just too unstable for smaller budgets, and it's still a hit or miss, so they couldn't make it work for the majority. It can work great for those with bigger budgets that can pump $250-500+ per day on one campaign with a ton of automated rules that stop/restart ad sets throughout the day.
 
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