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Economics

Facebook May Sell TV-Style Ads for $2.5 Million a Pop

But still no dislike button

Reason Staff | 7.30.2013 7:10 PM

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Facebook Inc. (FB), seeking to break the long-held dominance of television over advertising budgets, plans to sell TV-style commercials on its site for as much as $2.5 million a day, two people familiar with the matter said.

The world's largest social-networking site, which has 1.15 billion members, expects to start offering 15-second spots to advertisers later this year, according to the people, who asked not to be named because the plans aren't public.

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