“Facebook lets you keep in touch with your friends; for this profound service to mankind it will generate about $1.5 billion in revenue this year by bombarding

“Facebook lets you keep in touch with your friends; for this profound service to mankind it will generate about $1.5 billion in revenue this year by bombarding its 500 million members with ads.“ This statement seems very indicative of the author’s cluelessness or hypocrisy. $1.5 billion from 500 million members means that they bombard each member on average with $3 worth of ads every year. I’m bombarded with more ads when buying three issues of Newsweek. Facebook lets you keep in touch with your friends for $3 a year. That sounds like quite an impressive feat to me. There is much that is wrong with Facebook but I don’t think that they are making their money with ads is one of those things.