2007 – A Long Year in Review
Tuesday, December 18, 2007I started compiling links for this piece eight hours two days ago and have since been on a interesting journey through my own memories of 2007. The online marketing industry is in one of its greatest periods of transition as enormous sums of ad-spend pour into the sector looking for places to be spent.
Many small to medium sized search marketing firms catapulted into the big leagues seemingly overnight this year as advertising firms found greater value in online and digital media than in traditional television, print and radio.
The major search engines understand where the money is going. Each acquired its own online advertising network this year in order to contextually serve content-rich advertising across as many subscribing websites as possible. The moment Google initiated the slow process of spending $3.1billion to buy DoubleClick, Yahoo and MSN had to have ad-networks too. Not having one would be like not having a paid-search advertising platform…
2007 was also the year of the Facebook. Perhaps the fastest growing social network in 2007, Facebook received a great deal of attention in the mainstream media and from online marketers. Adding two or three hundred thousands new users per month, Facebook ranks among the most popular networks online. The company faced a setback late in the year when privacy concerns forced it to withdraw and redesign its social advertising platform, Facebook Beacon.
