Friday, October 16, 2009

Facebook sees ad potential bigger than Google search ads by Reuters: Yahoo! Tech

Maybe Facebook has superior magic fairy dust?

Facebook's chief operating officer said the social networking company was targeting a bigger ad market than the search ad market that has made Google Inc rich.

Sheryl Sandberg also told a group of high-tech specialists on Thursday that revenues were growing so fast at privately held Facebook that it turned cash positive recently, instead of in 2010 as predicted earlier this year.

Facebook sees ad potential bigger than Google search ads by Reuters: Yahoo! Tech

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