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Wednesday, December 21 2011

Expect to see an IPO from Facebook in the very near future, probably by the spring of 2012. Reportedly, Facebook Inc. is considering raising about $10 billion in an initial public offering that would value the social-networking site at more than $100 billion. This is a strong signal that social media is only going to get bigger and more powerful and cannot be ignored by online marketers. Avoid it at your own peril! Ask us if you want to know how social media can tie in to your marketing plans. 
 
Facebook recently got into trouble for violating privacy standards. In late November, Facebook and the US Federal Trade Commission announced a formal privacy settlement. Essentially, the proposed settlement “bars Facebook from making any further deceptive privacy claims, requires that the company get consumers’ approval before it changes the way it shares their data, and requires that it obtain periodic assessments of its privacy practices by independent, third-party auditors for the next 20 years.” 
 
Facebook will likely put more energy into search marketing, including placement of ads in its mobile apps, now that it has to be more mindful of privacy issues. 
 
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