MENLO PARK, Calif., March 13 (UPI) -- Facebook has finally launched its video ad service, which will play 15 second commercials, after testing the product for three months.
The service, called Premium Video Ads, will resemble short television spots, but will not be cheap. The ads reportedly cost anywhere from $1 million to $2.5 million per day, but considering that an advertiser will potentially be able to reach 1.2 billion Facebook users, it may not be all that bad a deal.