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I agree that the conventional web advertising of surveys, sweepstakes, money-making products, health products, etc is dying down. However, advertising will evolve, despite clicks and conversions there will always be a reasonable demand for exposure. It's like saying companies are throwing away millions for commercials during the super bowl because they figure most are just ignoring them.
Also, as people in the business we are more aware of advertisements and a bit more critical of how successful they can be.
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