Michael Wolff points out that, in the end, Facebook is just an ad-driven site
(NEWSER) - "Facebook is not only on course to go bust, but will take the rest of the ad-supported Web with it." That's the bold statement Michael Wolff makes in the MIT Technology Review today, and he insists he's not exaggerating. In the end, Facebook is just another website selling ads, he explains, and online ad rates are constantly falling. "I don't know anyone in the ad-Web business who isn't engaged in a relentless, demoralizing, no-exit operation to realign costs with falling per-user revenues." More»