eMarketer is lowering projections for social network advertising from $1.6 billion to $1.4 billion for 2008. Two reasons are attributed to the adjustment: a slowing economy and the uncertainty over what advertising actually works on social sites.
Adjustments have been made for site-specific projections as well. MySpace's projection has been lowered from $850 million to $755 million, while Facebook has been lowered from $305 million to $265 million.
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