New numbers from eMarketer show that Facebook will likely earn 72% of social media specific ad spending next year. That’s equal to 7.9% of total online ad spending.
Sounds good to me, but the Wall Street Journal says Facebook is still struggling. They point to a recent Ford Focus campaign that pulled in 43,000 “likes.” Ford spent more than $95 million to advertise their new car, but very little of it went to Facebook.
To add insult to injury, Ford turned down a suggested sponsored stories buy on Facebook, then paid Yahoo and Microsoft to send traffic to the Facebook page. According to WSJ, Ford did eventually spring for an ad but stopped it long before it stopped those on competing sites.