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Facebook sees 'indicators of balance' in ad spending after coronavirus drop

Facebook Inc beat analysts' estimates for quarterly earnings on Wednesday and mentioned it has observed "signs of stability" for gross sales in April after a plunge in March, in but every other sign that tech giants might climate the coronavirus-induced financial cave in higher than different sectors.
Facebook Inc beat analysts' estimates for quarterly revenue on Wednesday and said it has seen "signs of stability" for sales in April after a plunge in March, in yet another signal that tech giants may weather the coronavirus-induced economic collapse better than other sectors.

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Author: Katie Paul

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Katie Paul has recently written 10 articles on similar topics including :
  1. "Facebook Inc beat analysts' estimates for quarterly revenue on Thursday, as businesses used its digital advertising tools to tap a surge in online traffic during the coronavirus pandemic even as they slashed marketing budgets elsewhere". (July 30, 2020)
  2. "Facebook Inc and Twitter Inc have suspended processing government requests for user data in Hong Kong, they said on Monday, following China's establishment of a new national security law for the semi-autonomous city". (July 6, 2020)
  3. "Organizers of a growing Facebook Inc advertising boycott said they saw "no commitment to action" after meeting with Facebook Chief Executive Mark Zuckerberg on Tuesday". (July 7, 2020)
  4. "Facebook Inc said on Wednesday it would start replacing the direct messaging service within Instagram with a version of its Messenger app, the first major step in its plan to tie together messaging across its suite of apps". (September 30, 2020)
  5. "Facebook Inc on Thursday told Reuters that Apple Inc rejected its attempt to tell users the iPhone maker would take a 30% cut of sales in a new online events feature, forcing Facebook to remove the message to get the tool to users". (August 28, 2020)
  6. "Facebook Inc may face questions about fallout from U.S. election controversies when it posts earnings on Wednesday, but top of mind for investors is a less political matter: the company's heavy bet on e-commerce to drive ad sales". (January 27, 2021)
  7. "Facebook Inc's chief of advertising integrity, who handled the company's ad products around sensitive subjects such as politics and coronavirus misinformation, departed this week, according to an internal company post viewed by Reuters on Friday". (January 1, 2021)
  8. "Facebook Inc on Thursday said it would update its internal discussion policies to impose restrictions on employees' ability to debate social and political issues". (September 18, 2020)
  9. "Facebook Inc said on Thursday it would stop accepting new political ads in the week before the U.S. Election Day on Nov. 3, bowing to concern that its platform could once again be exploited to interfere with the election". (September 3, 2020)
  10. "Facebook Inc will reveal on Thursday whether lower ad prices lured enough marketers in the second quarter to overcome the downdraft from widespread pandemic-induced closures among the small businesses that drive most of its revenue". (July 30, 2020)
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