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Interesting that they don't seem to even mention the simplest possibility: Maybe most advertising isn't actually very influential, period.
"The news comes at a bad time for Facebook Inc."

In fact, at a time so bad that it seems unlikely this is a coincidence. I wonder who's trying to hurt Facebook's IPO?

This was my first thought, too. First it's "why would GM want to hurt Facebook" but now I'm up to "which banks backed Facebook's IPO vs which banks are helping out with GM's reorganization" so I guess it looks like a little like Facebook isn't the real target.
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It's about time people realised Mark Zuckerberg is a prick and Facebook is shit.

Well done.