have reached its peak of $60 billion and is e Expected to reach $100 billion, surpassing the

Marketing
20th Edition
ISBN:9780357033791
Author:Pride, William M
Publisher:Pride, William M
Chapter10: Digital Marketing And Social Networking
Section: Chapter Questions
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Which of the following statements is true about the future of social media marketing?
By 2020, spending on social media advertising is expected to reach $50 billion, surpassing the amount of advertising dollars businesses spend on newspapers.
By 2019, spending on social media advertising will have leveled off and is expected to remain steady at $50 billion annually.
By 2018, spending on social media advertising will have reached its peak of $60 billion and is expected to start declining.
By 2020, spending on social media advertising is expected to reach $100 billion, surpassing the amount of advertising dollars businesses spend on television.
OOOO
Transcribed Image Text:Which of the following statements is true about the future of social media marketing? By 2020, spending on social media advertising is expected to reach $50 billion, surpassing the amount of advertising dollars businesses spend on newspapers. By 2019, spending on social media advertising will have leveled off and is expected to remain steady at $50 billion annually. By 2018, spending on social media advertising will have reached its peak of $60 billion and is expected to start declining. By 2020, spending on social media advertising is expected to reach $100 billion, surpassing the amount of advertising dollars businesses spend on television. OOOO
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