Yet Another Facebook Story: Friends Selling Friends

Me channeling Mark Zuckerberg: Hey, I know, instead of brands pitching products, let’s get regular people to do it for them. You know, it’ll be like word-of-mouth on crank.
According to stories in Ad Age and The New York Times, Facebook’s CEO told a group of clients and press gathered in New York yesterday that his firm will “help you create some of the best ad campaigns you’ve ever built.”
Zuckerberg spoke in grand terms about of the death of mass advertising and said that in the future, ad messages would increasingly be conveyed from friend to friend through online networks.
Facebook is also letting advertisers set up their own profile pages at no charge and encouraging companies like Blockbuster, Condé Nast and Coca-Cola to share information with Facebook about the actions of Facebook members on their sites.
When asked about people who might not like ads, Mr. Zuckerberg shrugged and said, “I mean, it’s an ad-supported business.”
[UPDATE] For some brilliant commentary on this development, click over to Rough Type. Here’s a quick sample of Nicholas Carr’s bite:

It’s a nifty system: First you get your users to entrust their personal data to you, and then you not only sell that data to advertisers but you get the users to be the vector for the ads. And what do the users get in return? An animated Sprite Sips character to interact with.

About David Burn

Fired up to write it down. Co-founder and editor of AdPulp. Chief storyteller at Bonehook, a guide service and bait shop for brands.

  • T

    Or maybe he means…”I mean, we’re going to have to cash out as fast as we can because we’re going to go the way of myspace now.”
    If they wanted to stay relevant, they should follow the craigslist model. Once financial greed gets the upper hand, it will strangle their model. The best thing they can do is think of consumers/users first, and advertisers second. The money will come. Not as a windfall, but as a lasting stream. Or what will happen, is they will be stuck with who they are giving the priority to, and the users will flee.

  • fortyver

    Another overvalued stock waiting to collapse. The market cap on this steaming pile of s**t is incredible. These boys are just waiting to bail out. Advertising will go back to it’s usual way of doing business, because it works if it is done right. Buh-bye Facebook.