- Facebook (FB +6.8%) plans to sell 15 second long TV-type ads on its site for as much as $2.5M per day, reports Bloomberg.
- Back of the envelope: $2.5M times 365 days equals nearly $1B per year (company earned about $330M on revenue of $1.8B last quarter).
- Already having a big day in continuation of a massive post-earnings move, the stock is within pennies of its $38 IPO price.
- Previous: Facebook launches mobile game publishing.
Facebook reportedly planning TV-style commericals
Jul 30 2013, 15:50 ET