Beefing Up Banner Ads

In October 1994, Hot Wired ran the first Web banner, an ad placement for AT&T carrying the promise of a new era with the message, “Have you ever clicked your mouse right here? You will.” In the ensuing time period, the banner has generated billions of dollars in revenue but has also come to be seen as a symbol of failure. Its place as the pre-eminent form of Web advertising was eclipsed in 2000 when Google borrowed the paid search advertising system pioneered by Overture and turned it into a moneymaking machine.

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