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So do you disagree with him then in which regard? That high school and college students don't spend as much money as self-sufficient people who use Facebook? That buying up as much real estate as possible without any idea on how to use it is a bad idea?
If we are living a transparent, brutally honest web life - advertisers should have the courage to ask us if we like or dislike what they are ramming down my throat.
And I work in interactive advertising and marketing. The key is to get the actual client, "advertiser" to buy into this...they are the ones afraid of "change".