Breaking: Federated Media Expands Into Facebook

Federated Media Publishing has announced their expansion into Facebook through partnerships with the owners of the Grafitti application and Watercooler. The initial sponsors launching on Facebook are Hewlett-Packard and Wacom. These two companies mesh perfectly with the Grafitti application which enables users to draw on the grafitti walls displayed on their friends’ profiles. Grafitti has over 300,000 active daily users and Watercooler Inc. has over 500,000 active daily users.

This announcement provides legitimacy to the Facebook application advertising space and serves a massive blow to existing Facebook advertisers.

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