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Thursday, February 5, 2009

Decrease in online advertising hurts Facebook

With hundreds of Web sites like Juicy Campus closing because of a decrease in online advertising, it is only a matter of time before certain sites such as Facebook and Myspace might have to consider the same option.


Facebook has made 24-year-old Mark Zuckerberg a rich man and has simplified the social networking for teenagers and adults who can communicate with only the click of a button.

In 2006, Facebook rejected $1 billion dollar bid from Yahoo!, but accepted $250 million dollars from Microsoft Word in exchange for a 1.6 percent share.

As of now, online advertising doesn't seem to be slowing this social site down, but as economic times get worse more sites will begin shutting down. Especially, if business owners don't understand the value of online advertising.

Only time will tell what will happen to this multi-billion corporation we all love to update our statuses on, making it a little too easy for stalkers to track us down.

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