Facebook to shore up ad business as investors sue over failure to warn of falling revenues
The FT reports that Facebook is launching a new system for measuring the impact of advertising on the social network as well as giving agencies the chance to buy premium ad slots in the news feed section for the first time.
News that Facebook is attempting to shore up confidence in its advertising platform comes after General Motors pulled its advertising and that Mark Zuckerberg, Facebook and several banks, including Morgan Standley, are to be sued by shareholders over concerns that they concealed information about “a severe and pronounced reduction” in Facebook revenue growth forecasts ahead of its disappointing IPO. Read More









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