Social Network Advertising on the Up-and-Up
Great news today coming out of eMarketer regarding SNS (Social Networking Services) and ad spend. According to the report, Social Network Marketing: Ad Spending and Usage, “social network ad spending is expected to grow by 81%, to $2.2 billion in 2008 from $1.2 billion this year” and “spending [in the US] is projected to rise to $1.6 million in 2008, from $920 million in 2007.”
A large portion of the spend is coming from deals between the two largest SNS properties: Microsoft/Facebook and Google/MySpace.
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