A report on Bloomberg suggests that the social giant is planning to add new 15-second "TV-style commercials" to its News Feed. The new ads will be launched later this year and will be priced at a whopping $1 million to $2.5 million per day, giving Facebook a new revenue stream to add to its social network.
Although AdAge back in April reported that Facebook was in search for a new ad product to take around to agencies, finally with this report, it's confirmed that is what the world's largest social networking company is planning for. A $2.5 million per day price will create a huge boost for Facebook's bottom line.
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