Trying to raise bunches of money from investors for its upcoming initial public offering, Facebook's trying to prove it can make money off of all that social networking we do. There's no question lots of people use Facebook. But how exactly Facebook is monetizing those "engaged" users, many of which never visit Facebook.com, is still questionable. Now's the time for Facebook to show what kind of value is behind those walls. And it sure is trying.
Timeline and Open Graph. We already knew Facebook was making money off of its new Timeline design. But starting this week, the social network will now integrate advertising into its Open Graph verbiage, "listen," "read," and "watch," reports TechCrunch's John Constine. "Facebook is allowing advertisers to pay for more exposure of listen, read, or watch stories that mention them by turning the stories into a new form of Sponsored Story social ads," he writes. Basically, companies can now sponsor news feed postings, which accompany said actions. Should look something like the mock-up via TechCrunch. Before, companies could sponsor likes, now they can also sponsor listens. Just in the pilot phase, a Facebook spokesperson told Constine if it goes well the company plans on expanding it to a full-blown money-making machine.