Friday, October 30, 2020

Facebook anticipates tougher 2021 even as pandemic boosts ad revenue

Facebook Inc has warned of a tougher 2021 despite beating analysts' estimates for quarterly revenue as businesses adjusting to the global coronavirus pandemic continued to rely on the company's digital ad tools." Considering that online commerce is our largest ad vertical, a change in this trend could serve as a headwind to our 2021 ad revenue growth," it said.

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