Advertisers to Spend $1.7 Billion on Social Networks in 2010

Link: Advertisers to Spend $1.7 Billion on Social Networks in 2010

“The latest numbers from eMarketer project that advertisers will spend nearly $1.7 billion in the U.S. on social networking sites in 2010. Worldwide, spending will hit $3.3 billion according to the report. The numbers represent a significant bump up from estimates published by the research firm at the end of last year…”

by Adam Ostrow on @mashable, h/t @SocialMedia411