Marketing Factoids

  • Only 16 percent of consumers trust what they read on blogs source ›
  • Music sales in the United States will decline to $9.2 billion in 2013, from $10.1 billion this year. source ›
  • Acquiring a new customer costs about five to seven times as much as maintaining a profitable relationship with an existing customer source ›
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NOV 2008

Facebook Tries to Woo Marketers†

Firm's 'Engagement Ads' Amplify Its Push to Curry Favor With Madison Avenue

Wall Street Journal, November 11, 2008 — Despite its surging Internet audience, Facebook Inc. has yet to prove it can wring steady revenue out of advertisers. Now it's trying a new tactic to woo Madison Avenue.

The Palo Alto, Calif., company is rolling out a new ad format called "engagement ads" that further blurs the line between marketing and social networking.

Categories: New Media Marketing, Brand Strategy
Tags: Bravo, Facebook, Microsoft, MySpace, News Corp, RE/MAX, Time Warner, Yahoo, social media marketing

Related Factoid

[Facebook] says 70 of the U.S.'s 100 largest advertisers have advertised on its site since 2007.

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