General Motors to Facebook: Eh, you’re not doing much for us
- $10 million in ad money moving away from Facebook source
» Just days before FB’s IPO: With a major financial boon on its way, the company’s suddenly got a bit of a PR headache on its hands, with one of the world’s biggest advertisers taking its money elsewhere. While a significant account, it’s not one that will hurt them greatly — it’s a drop in the bucket for a company that made $3.7 billion in revenue last year. Still, it’s part of a trend that’s looking not so hot for the company — ad revenue, while still up from a year ago, declined in the previous quarter.