Report: Facebook Ad Revenue To Surpass MySpace Next Year

A new report released from eMarketer today, states that Facebook “will surpass its former rival, MySpace, in ad revenues in 2010, when marketers worldwide will spend $605 million on Facebook versus $385 million on MySpace”. It’s not a surprising shift considering Facebook’s traffic has been dominating MySpace for over a year now. It appears that advertisers are finally catching up though.

eMarketer’s projections may sound extremely conservative considering that Facebook is expected to generate well over $500 million in revenue this year alone.

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