Facebook to boost IPO by 25% to raise $15bn
May 16, 2012  14:17
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General Motors has announced that it's to pull $10million worth of advertising from Facebook, saying that ads on the site have little impact. A spokesperson for the the company which, according to the New York Times is the third largest advertiser in the US (after Proctor and Gamble and AT&T), said that paid advertising on Facebook has little impact on consumers.  There are 900 million registered users of Facebook around the world. More on that story


 

Also see: Facebook 'to boost size of IPO by 25pc to raise $15bn'

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