Facebook to charge firms for promotional offers

Advertisement
By Agence France-Presse | Updated: 21 September 2012 11:05 IST
Facebook said Thursday it was revamping its "Offers" service, by making companies pay for what had been free advertising until now.

Withe the social network giant struggling to prove it can boost revenues, the change requires payments, starting at $5 per ad, for the deals offered through Facebook.

"The new features will help people find the most relevant Offers, such as in their local area, and help businesses better measure the success of their Offers. Offers will remain free for people to claim," the firm announced.

Advertisement

"Businesses will still be able to run Offers for a minimal budget, but ads must be created in order for people to see Offers in their news feeds. Businesses can spend as little as $5 per ad."

Facebook, which is the world's largest social network with more than 950 million members, has seen its stock price sag as much as 50 percent since its market debut in May.

Advertisement

The statement said the Offers ads launched this year have produced "great success" for some firms, including one resort getting more than 1,500 bookings from such an ad,

Offers will be available globally to all companies with more than 400 fans. Facebook will allow firms to add a bar code or a unique code to an offer to allow businesses to better track the results of their ads.

Advertisement

Facebook shares fell 1.9 percent in early trade Thursday to $22.84.

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Facebook, Offers service, unique code
Advertisement

Related Stories

Popular Mobile Brands
  1. These OnePlus Smartphones Could Receive the ColorOS 17 Update in India
  2. Dell Alienware 16X Aurora Launched in India Alongside Alienware Area-51 Series
  1. Samsung Galaxy Unpacked Event Today: How to Watch Galaxy Z Fold 8 Ultra, Galaxy Z Flip 8, Galaxy Watch 9 Launch Live
  2. Offline UPI Payments With NFC Support Could Launch in India Soon
  3. Samsung Galaxy S26 Ultra's Privacy Display Feature Gets a Major Upgrade in One UI 9 Beta
  4. OnePlus N6x Design, Colour Options Teased in New Marketing Material Ahead of Imminent Launch in India
  5. OnePlus 11, Nord 4, and Newer Models Tipped to Receive the Android 17-Based ColorOS 17 Update in India
  6. Redmi Note 17 Pro Max Appears on Thailand's NBTC Certification Database, Might Launch Soon
  7. Apple’s First Foldable iPhone Reportedly Appears in iOS 27 Beta Code With a Multi-Battery Setup
  8. X for Android App Undergoes Major Design Overhaul, Enhanced Performance and Reliability
  9. Samsung Galaxy Buds Able to Reportedly Skip Galaxy Unpacked Launch; Could Debut in October
  10. Dell Alienware 16X Aurora, Alienware 16 Area-51 and Alienware 18 Area-51 Launched in India: Price, Specifications
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.