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Report: Facebook To Start Offering TV-Like Adverts

   
3:42 pm on Jul 31, 2013 (gmt 0)

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Facebook Inc. (FB), seeking to break the long-held dominance of television over advertising budgets, plans to sell TV-style commercials on its site for as much as $2.5 million a day, two people familiar with the matter said. Report: Facebook To Start Offering TV-Like Adverts [bloomberg.com]
The world’s largest social-networking site, which has 1.15 billion members, expects to start offering 15-second spots to advertisers later this year, according to the people, who asked not to be named because the plans aren’t public.