Does AOL/Yahoo/Microsoft Spell Trouble For Facebook?

The pact between AOL, Microsoft and Yahoo seems like a concerted effort to better compete against Facebook for advertising.

Facebook’s place at the top of the standings when it comes to online display advertising revenue would seem to be fairly secure, since it will reportedly overtake Yahoo this year, if it hasn’t happened already.

Or is it? AOL, Yahoo, and Microsoft might have a little something to say about that statement.

The three companies announced an agreement to sell the graphic ads they would normally funnel through ad networks on each others’ sites, as first reported by AllThingsD.

Google is reportedly the intended target, but going after Facebook likely factored into the respective decision.

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