Facebook has a few things up their sleeve, a version of Adsense could be one. 600 million users check in daily, there's value in that, just need some creativity.
I am not sure if Google is worth a 24PE, their pages are already full of ads. For how will that go? They're begging to be disrupted by a Google without the (current) need to put 5-20 ads before real results. Before you even say it: "Relevant" isn't best
I agree, I'm kind of surprised we haven't heard much of anything on the ad network front from FB. I think an Adsense competitor and a Paypal competitor are the two big items they could have.
On the paypal competitor front, FB payments (formerly credits) can be used in mobile apps as well as FB platform apps, so the infrastructure is largely in place. That's a tough space though; Google Wallet and Amazon Payments are both more established non-Paypal players already.
I am not sure if Google is worth a 24PE, their pages are already full of ads. For how will that go? They're begging to be disrupted by a Google without the (current) need to put 5-20 ads before real results. Before you even say it: "Relevant" isn't best