Page 10 - The Abc News Today : Breaking News, Live Updates & Top Stories | Vimarsana

and facebook is ready to go public on the stock market tomorrow. and the company s value could top 100 billion bucks. despite all that wall street buzz, facebook is losing some pretty big advertisers. more on this from abc s t.j. winick. reporter: just days before facebook plans to file its initial public offering, general motors has announced it s pulling out of the social media giant. that will cost the company about $10 million a year in advertising. gm says it s just not been effective for them. they re not going to be doing ads on facebook. we heard bloomberg give a call to the other automakers. ford says they are continuing. they are going to be spending more on facebook. and what this really raises is the question of, you know, how effective is facebook going to be? reporter: jerome cleary is betting facebook will continue to be good business. he s never bought a stock in his life, but that will change friday when his favorite website goes public. i have read things that

The abcStock marketWall street buzz100 billion100 billion bucksInitial public offeringGeneral motorsSocial media giant00 million10 millionJerome clearyMy favorite things