Was I completely dead on regarding Facebook?

A week ago, I wrote this post: Facebook is going down, and fast.

Today, I read in The New York Times this story: G.M. to Quit Advertising on Facebook.

The article states GM is yanking $10 million a year in advertising that they do with Facebook.

An advertising analyst had this to say regarding the move by GM: “My colleagues and I have spoken with several other advertisers who were already thinking of putting their dollars elsewhere. Now that G.M. has done so in such a large and public way, many of the fence-sitters will know that they’re not alone in their disappointment about their results.”

I know my company, The Oak Ridge Observer, bought some ads from facebook either last year or late the year prior. We were completely unsatisfied with the results. Seems we aren’t the only one. Read my post Facebook is going down, and fast, and think twice before you buy into the hype that you need to go purchasing shares of Facebook.

Stan R. Mitchell

Oak Ridge, Tenn.

P.S. Thanks to all who continue to make my first novel — well, sort of my first novel — a huge success! It’s gone as high as below 21,000 in its first two months. Please tell your friends about my book if you know they like Westerns or Action & Adventure books. As a reminder, you do not need a Kindle to buy my book. You can read it from your computer, laptop, ipad, phone, or other device with this free download. And you can buy my book here, for 99 cents. Read reviews of it here.

2 Comments

Filed under Random posts

2 responses to “Was I completely dead on regarding Facebook?

  1. I posted this to Facebook. 😀 I agree with you: I think in a couple of years Rupert Murdoch buys it and merges it with MySpace.

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