Advertisers Leap Into Facebook
TIMES ONLINE -- Oct 28 -- Rumour has it, Apple, Coca-Cola, Condé Nast, General Motors, Nike and other top brand names will sign ad deals with Facebook. Last week, Microsoft beat Google to buy a 1.6% stake, valuing Facebook at $15 billion — more than twice as much as British Airways, a company that made a profit of $602m last year. Online advertising is a $16.5 billion business in America (Jupiter Research). Growing ~14% a year. By 2011 it will be worth $32.1 billion. Shoppers spend 10% of their money online. $900m will be spent advertising on social-networking sites in America and $335m elsewhere in 2007 (eMarketer). For Microsoft the $240m investment is chump change, but marks a significant evolution for the software giant as it increasingly moves its muscle online. FULL ARTICLE @ TIMES ONLINE
Mark Brooks: Microsoft invetsing $240m in Facebook is the biggest SNS industry changing event since Friendster started up in 2003.







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