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Facebook Ad Business Weakening Despite Surge In Traffic Amid COVID-19

Mar 25, 2020 - Nasdaq

(RTTNews) - Facebook Inc. said it is seeing significant growth in the use of its services amid the cornovirus or Covid-19 pandemic. However, revenues are hurt due to lesser ads mainly in countries taking aggressive actions to reduce the virus' spread. In a blog post, Alex Schultz, VP of Analytics, and Jay Parikh, VP of Engineering reported that much of the increased traffic is happening on messaging services as many more people are using Facebook apps across the world as the pandemic expands. ...