Photo by Kon Karampelas on Unsplash [Download]

Facebook stock spikes despite significant reduction in demand for ads

The coronavirus pandemic is considerably slowing the expansion of Facebook’s ads industry, however buyers appear happy with the corporate’s efficiency in Q1 after Facebook launched its income record Wednesday. The corporate beat Wall Street expectancies on revenues, sharing that they'd ma…
The coronavirus pandemic is significantly slowing the growth of Facebook’s ads business, but investors seem pleased with the company’s performance in Q1 after Facebook released its earnings report Wednesday. The company beat Wall Street expectations on revenues, sharing that they had ma…

Original article
Original article
Author: Lucas Matney

TechCrunch is a leading technology media property, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.

Lucas Matney has recently written 10 articles on similar topics including :
  1. "Facebook’s relentless blatant feature copy of Snapchat have been seen as one of the chief examples of the company’s competitive overreach, but Snap CEO Evan Spiegel isn’t sure whether antitrust activity from the government is going to change the company’s near-term prospects…". (October 4, 2019)
  2. "A number of popular apps including Spotify, GroupMe, Pinterest and TikTok were fielding user iOS crash reports Wednesday evening, the result of an apparent issues with Facebooks SDK according to a lengthy GitHub thread on the topic". (May 7, 2020)
  3. "Zoom was never meant to be a social network, but the enterprise video chat app has become essential software for those looking to stay in touch with friends and family during the pandemic". (May 14, 2020)
  4. "Most of the people I spoke with at Facebook’s Oculus Connect see the proliferation of virtual reality as a foregone conclusion, one that’s just a matter of timing at this point". (September 27, 2019)
  5. "Facebook spent a large amount of time at its Oculus Connect 6 keynote detailing the new links between its VR headset and the company’s core Facebook app". (September 25, 2019)
  6. "Facebook is selling Oculus Medium a 3D virtual reality sculpting tool for creatives to Adobe. The team was an expensive effort for Oculus and its sale signifies a broader rethinking within Facebook in what virtual reality projects they tackle in-house". (December 7, 2019)
  7. "Australian Facebook users will be forced to go elsewhere to read news after the company announced Wednesday that they will be restricting users in the country from sharing or viewing news links on the platform". (February 17, 2021)
  8. "Facebook is restructuring its experimental hardware efforts and giving its moonshot projects a home within its AR/VR research division". (December 15, 2018)
  9. "An employee of Facebook died by apparent suicide Thursday morning, Menlo Park police reported and the company confirmed. “We were saddened to learn that one of our employees passed away at our Menlo Park headquarters earlier today,” a Facebook spokesperson told TechCrunch in an email". (September 20, 2019)
  10. "While it quickly became clear that the tech and developer conference held during the spring would need to be cancelled due to COVID-19, tech companies are beginning to pull the plug on events taking place later in 2020". (April 16, 2020)
Posted on  ,