Wednesday, November 17, 2010
Facebook valued at a current $40 billion, more ads imminent
This is a little info on what's going on with Facebook right now (At Home Computer). Mark Zuckerberg, CEO and (co-)founder of Facebook, acknowledges his desire to move forward with more advertising-driven products. Google's value exploded when they rolled out AdSense a mere 6 years after their launch. Many people think (or hope) this could be the beginning of the end for Facebook, as a brief forensic look at Myspace will tell us that it was the excess selling of adspace that brought it down. And as many of you know, since a year and a half ago, Myspace has been seen by many as "like the wild wild west or Las vegas of social media: dirty and ghetto."
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