Nothing could be further from the truth. Some people like Mitch Joel and Yaseen Dadabhay got the story right. But most did not.
Marketing is not just advertising
While GM did pull $10 million in ads from Facebook, they continue to use the Facebook channel.
A very quick search shows GM has hundreds (perhaps thousands) of Facebook pages including brand pages like Chevrolet, model pages like Camaro (2.8 million likes and tons of fan engagement), location pages like Chevrolet India, and even specialty pages like Team Chevy auto racing.
So GM has certainly not left Facebook.
Heck, imagine if they used that ten million dollars to hire a huge team of brand journalists to engage people on social networks! (That’s what I would do).
GM is certainly engaged on Facebook. They just stopped spending money on Facebook ads.
OLD RULES -- buy your way in with advertising and beg your way in with the media
NEW RULES -- publish your way in on the Web for free
As many successful marketers know, on the Web, marketing is not the same as advertising. Winning is all about creating great content. For free. To be successful, you must unlearn what you have learned.
It's not about advertising on YouTube, it is about making a YouTube video. It's not about advertising on social media sites like Facebook, it is about participating by creating pages, personal profiles, and events on Facebook like GM does.
Attention journalists: Stop intermixing the terms "advertising" and "marketing."
It's difficult for CMOs to make the transition to a world where there are alternative ways to reach an audience other than spending buckets of money on expensive advertising campaigns. Many reporters aren't helping.