Microsoft must be so proud. The company’s $240 million investment in Facebook, one that implicitly valued the social network at $15 billion, hasn’t yet paid off. But it will. In three years or so when Facebook finally settles on a business model. Assuming, of course, it’s a viable one.
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The days of measuring Internet usage with panels and surveys are finally coming to an end. Good thing too, because those media-measurement techniques–which were based on early 20th-century innovations in statistical sampling of barley yields–were getting, you know, a bit old.
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Facebook wasn’t the only social-networking site to introduce “a new way of advertising” this week. MySpace did as well. The News Corp.-owned social-networking site announced SelfServe–an advertising system that allows small businesses to create customized advertisements and “HyperTarget” them using MySpace’s geographic, demographic and user-interest data.
Using SelfServe, American Express, for example, might aim ads at [...]
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