Matrix Factorizations for Recommender Systems on Implicit Data discusses matrix factorization techniques for recommender systems that deal with implicit data. It begins by explaining how the rise of Netflix led to the decline of Blockbuster due to Netflix better adapting to changing user behaviors and business models online. It then discusses three common types of recommender systems: editorial, global, and personalized. The document focuses on matrix factorization as a popular method for personalized recommendation that involves factorizing a user-item matrix into latent factors to capture similarities between users and items. Matrix factorization aims to approximate the user-item matrix using two low-rank matrices to acquire latent factors and make recommendations.