General Motors plans to stop advertising with Facebook
The WSJ is reporting that General Motors is planning to stop advertising on Facebook after deciding that paying for ads on the social network has little impact on consumers when it comes to car purchases.
That is a significant blow to Facebook as it prepares for its IPO on Friday. Yesterday Facebook increased the planned price range for its stock to $34 to $38 per share amid growing investor excitement. The new price will see it raise about $12.8bn and values Facebook as high as $104bn, but without big advertisers that figure could quickly fall. Read More








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