Yet Another Facebook Story: “Insane” Market Valuation

Publicis Chairman and CEO Maurice Levy called Microsoft’s $240 million dollar investment in Facebook “insane.”
He also he termed the investment “unbalanced” relative to the potential advertising value of the social media marketplace.
He said the “bloom” was off the “Myspace rose,” and that the exuberance driving investments in online social networks has yet to be proven by practical advertising models.
[via Media Daily News]

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About David Burn

Native Nebraskan seeking the perfect pale ale in the Pacific Northwest. Copywriter and brand strategist at Bonehook. Co-founder and editor of AdPulp.