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Friday, 21 September 2012

Stock Down turn: Facebook set to Introduce Charges for Offers' Program

Offers: Facebook users can send and receive offers - but from now on, companies will be charge to provide offers

Worried by the plummeting stock, the management of leading social network Facebook has announced that they will start charging business organisations for running their offers on its social network. This is coming on the heels of the recent report prepared by Forbes for 2012 which listed the richest Americans for year 2012 in which Mark Zuckerberg slipped from 14th position to 36th position. This previously free service which operates in Canada, Uk, Germany, France Italy and Spain will be turned into a huge revenue generator. When Facebook initial public offer was launched in May, Merchants, dealers were sending offers to their fans through this social network but this is likely going to change as it is no longer going to be free.

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