Facebook's ads business is being hurt by coronavirus — even though the lockdown has caused unprecedented usage
But its ad business isn't getting boosted, as much of the activity is on unmonetized services, while advertisers are pulling back due to the pandemic.
The Silicon Valley-based social networking firm is seeing extraordinary traffic on its various apps as users turn to tech to cope during the unprecedented coronavirus lockdowns around the globe, but at the same time its core advertising business is under pressure, the company has said.
But this doesn't necessarily translate into more advertising dollars, which makes up the vast majority of Facebook's revenue.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Instagram Models Say Business Is Taking a Hit From CoronavirusInstagram model business taking hits from coronavirus pandemic.
Leer más »
The coronavirus pandemic may be weakening US retail - Business Insider - Business InsiderWith states and cities closing nonessential stores in response to the coronavirus, retailers may lose the ability to make in-store sales altogether.
Leer más »
McDonald's closes UK, Ireland restaurants amid coronavirus pandemic - Business InsiderMcDonald's UK said it will shutter all of its 1,270 restaurants on Monday, 23 March at 7 p.m. local time.
Leer más »
US banks reassess their branch strategy amid the coronavirus pandemic - Business InsiderAs the coronavirus pandemic intensifies, major US banks are beginning to alter their branch operations to protect their employees and customers.
Leer más »
Top pandemic expert warns it's too soon to end coronavirus lockdowns - Business InsiderA top pandemic expert warns it's way too soon to end the coronavirus lockdowns: 'COVID would spread widely, rapidly, terribly'
Leer más »
Coronavirus pandemic: Ford won't restart North American end of March - Business Insider'Ford's top priority is the health and safety of our employees, dealers, customers, suppliers and other stakeholders,' the company said.
Leer más »