Advertising On Social Networks To Hit $3.3 Billion

Social Networks are making a stir among the advertisers. It is estimated that social networks are estimated to bring in $3.3 billion in ad revenue in 2010. This is an increase by 31%, last year the revenue stood at $2.5 billion.

Without any surprise facebook is set to gain the maximum part of the spend with 39% i.e., $1.3 billion. The Ad Revenue for Facebook has increased 10 fold according to a facebook spoke person. In US facebook is set to generate nearly 50% of the Social network Ad revenue with $835 million. Once again MySpace is the one social network which is set to lose major online ad revenue.

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