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.

"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."

Advertisement

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.

 

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: Facebook, Offers service, unique code
Advertisement

Related Stories

Popular Mobile Brands
  1. Motorola Edge 60 Neo Key Specifications Tipped Ahead of Imminent Launch
  2. Apple Watch Series 11, Watch SE 3, Watch Ultra 3: Expected Features, Specs
  3. Apple Rolls Out iOS 26 Beta 9 for iPhone Ahead of iPhone 17 Launch
  4. This iPhone 17 Model Will Reportedly Get More Expensive
  5. iPhone 17 Pro Max Redesigned Camera Module, Foldable iPhone Timeline Leaked
  6. Samsung Galaxy S25 FE Accessories Leaked Ahead of September 4 Launch
  1. NASA’s Juno Spacecraft Detects Callisto’s Aurora, Completing Jupiter’s Galilean Moons Set
  2. Kalyani Priyadarshan’s Lokah Chapter 1: Chandra OTT Release Date Revealed
  3. Astronomers Discover Calvera, a Runaway Pulsar Racing Above the Milky Way
  4. Itel A90 Limited Edition Launched in India With MIL-STD-810H Durability: Price, Specifications
  5. OKX Faces EUR 2.25 Million Fine By Dutch National Bank for Operating Without Registration
  6. NASA’s OSIRIS-REx Mission Finds Stardust in Asteroid Bennu Older Than the Solar System
  7. Swiggy and Zomato Raise Platform Fees to Up to Rs. 15 Amidst Rise in Festival-Related Demand
  8. IFA 2025: Acer Predator Helios 18P AI (2025) Launched Alongside Refreshed Orion, Nitro Series Laptops
  9. India Tops Global Crypto Adoption Index for Third Consecutive Year
  10. Acer Swift Air 16 With Up to AMD Ryzen AI 7 CPU Launched Alongside Acer Chromebook Plus Spin 514 at IFA 2025
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.