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> "Facebook has no search engine. Whatever you say about the size of display ads, search advertising is still far bigger. With search you have intent. People want to find things by their actions. On Facebook ads are an annoyance."

Exactly this. I don't have any feedback on your post, but I'd like to thank you for writing this. Very insightful.



I like Chris Dixon's blog on this topic http://cdixon.org/2012/05/15/facebooks-business-model/




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