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Old 10-10-2006, 03:53 AM   #12 (permalink)
Jon
 
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YouTube is an easy market, it's got the potential to be fucking massive compared to anything else out there.. There's no way you can compare it to the lame Facebook.

I've personally purchased advertising on the Facebook, and it was by far one of the worst and most overly inflated and over hyped ad campaigns I had ever run. I was running a custom site that was giving away free super bowl tickets. It was a basic lead signup, about 4-5 general fields, did amazing on Adwords and Yahoo. I figured I'd test it with the big college football schools. Ran the campaign for 2 weeks..
Total leads = zero
Total clicks = 3
Amount spent = over $1k

Comparing that to adwords, where I was bidding on very similar niches, the ROI was like 5:1.

I've heard from plenty of others, Facebook blows. All they have going for them is that they are the hub for college kids to communicate with one another without the annoying feel and ads of myspace. Other than that, their advertising absolutely blows, and the owners of it are fucking idiots if they think they can turn down two huge offers in hopes for a Google buyout of $3 Billion. Those guys are fucking dreaming. Turning down that $2B offer from Yahoo was suicide. All Google has to do is make an offer for $1 MILLION.. not BILLION, and they will automatically lose all respect and any possibility of banking like they had hoped to do so.

I really want to see the Facebook sell for $10M or less.

If I owned FaceBook, I would turn it from losing cash or breaking even, to a cash cow powerhouse. Easy shit to do.
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