Over at Adweek Michael Wolff spots that Sorrell is worrying about social media, or rather the digital media advertising market. He's jawboning, Wolff concludes.
Facebook, like Google before it, is about to usher in another great depression in the value of the ad market. Its billions of user views which it can sell for fractional pennies will create, for Facebook, a cash gusher. But for everyone else, it will cheapen the value of digital media. By once again letting the technology guys control the advertising play, the chance is great that they will take volume instead of spending the time and effort to develop a more particular and exclusive branding play.