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My main problem with Google Ads is that the design and look of them isn't good. They cheapen the look of the site.
The fact that anyone can get google ads takes some of the value away from the site. With paid for banner and tower ads, people see them and know that people have paid a sum of money for that space, thus adding to the perceived value of the site.
I don't think you'd see google ads on my site.
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