Facebook, whose core social network operation now has 1.7 billion daily users, gets more than half of its sales from small businesses, a group that is hit especially hard by the Covid-19 lockdown and recession. Photo: Agence France-Presse
Facebook, whose core social network operation now has 1.7 billion daily users, gets more than half of its sales from small businesses, a group that is hit especially hard by the Covid-19 lockdown and recession. Photo: Agence France-Presse
Facebook

Facebook follows Google, signalling online ad pain set to worsen

  • Many of Facebook’s most popular features during the coronavirus crisis, like voice calling and direct messaging, are not major sources of revenue
  • It posted an 18 per cent increase in first-quarter revenue, showing advertising demand was strong before the pandemic hit budgets

Facebook, whose core social network operation now has 1.7 billion daily users, gets more than half of its sales from small businesses, a group that is hit especially hard by the Covid-19 lockdown and recession. Photo: Agence France-Presse
Facebook, whose core social network operation now has 1.7 billion daily users, gets more than half of its sales from small businesses, a group that is hit especially hard by the Covid-19 lockdown and recession. Photo: Agence France-Presse
READ FULL ARTICLE