Breaking News

GIGABYTE Brings AORUS INFINITY to Gamescom 2026 with an Immersive Gaming Playground LG UltraGear Brings World’s First Native 1000Hz FHD Gaming Monitor to ChinaJoy 2026 Hollyland to Showcase Next-Generation Audio and Imaging Solutions at IFA 2026 XbotGo Expands European Footprint and Showcases Multi-Sport AI Tracking Capabilities at IFA Berlin 2026 Transcend Launches a Full Range of DDR5-7200 Embedded DRAM Modules

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed

Search form

Facebook Says Coronavirus Hits Advertising Budgets

Facebook Says Coronavirus Hits Advertising Budgets

Enterprise & IT Mar 25,2020 0

Facebook on Tuesday said that the coronavirus outbreak was undercutting sales of the advertising that accounts for nearly all of its revenue, despite the fact that the amount of users who spend time on the social network has been increased.

“We don’t monetize many of the services where we’re seeing increased engagement, and we’ve seen a weakening in our ads business in countries taking aggressive actions to reduce the spread of COVID-19,” the company said in a statement.

The company said messaging across its platforms had increased more than 50% over the last month in many of the worst affected countries. In Italy specifically, users have been spending 70% more time in its apps.

Twitter had also previously reported a boost in active users but the company pulled its first-quarter revenue outlook and forecast an operating loss due to the outbreak.

Many advertisers have pulled marketing budgets to rein in costs because of virus-related uncertainty.

Google and other digital advertising companies are also seeing revenue growth wither as marketers slash spending.

Although millions of people are staying at home and spending more time on social media, video streaming and other online services, the demand for the created ad space is weak, so prices are falling.

Tags: facebookOnline advertising
Previous Post
HyperX is Shipping The Cloud Alpha S Blackout Edition Headset
Next Post
NEC and Sharp to Combine Their Display Solution Businesses

Related Posts

  • Artificial Intelligence: the possibilities for online marketing

  • EU Privacy Watchdog Accused of Delaying Probe Procedures Against Facebook

  • Zuckerberg Says Remote Work is Here to Stay

  • Facebook to Launch New Shopping Feature Across Apps

  • EU Tech Chief Demands More From Facebook Regarding Business Practices

  • Google to Face Government Antitrust Suits, WSJ Reports

  • Facebook Buys GIPHY as Part of Instagram Team

  • Facebook Works With Telecoms on 2Africa Subsea Cable for Future Internet Connectivity

Latest News

GIGABYTE Brings AORUS INFINITY to Gamescom 2026 with an Immersive Gaming Playground
GPUs

GIGABYTE Brings AORUS INFINITY to Gamescom 2026 with an Immersive Gaming Playground

LG UltraGear Brings World’s First Native 1000Hz FHD Gaming Monitor to ChinaJoy 2026
Gaming

LG UltraGear Brings World’s First Native 1000Hz FHD Gaming Monitor to ChinaJoy 2026

Hollyland to Showcase Next-Generation Audio and Imaging Solutions at IFA 2026
Cameras

Hollyland to Showcase Next-Generation Audio and Imaging Solutions at IFA 2026

XbotGo Expands European Footprint and Showcases Multi-Sport AI Tracking Capabilities at IFA Berlin 2026
Enterprise & IT

XbotGo Expands European Footprint and Showcases Multi-Sport AI Tracking Capabilities at IFA Berlin 2026

Transcend Launches a Full Range of DDR5-7200 Embedded DRAM Modules
Enterprise & IT

Transcend Launches a Full Range of DDR5-7200 Embedded DRAM Modules

Popular Reviews

Endorfy Thock V2 Wireless Keyboard

Endorfy Thock V2 Wireless Keyboard

Dragon Touch Digital Calendar

Dragon Touch Digital Calendar

be quiet! Pure Loop 3 280mm

be quiet! Pure Loop 3 280mm

Soft2bet and the unseen hardware that makes instant play possible

Soft2bet and the unseen hardware that makes instant play possible

The Quiet Technology Behind the Spin

The Quiet Technology Behind the Spin

SoundPeats Cove Pro

SoundPeats Cove Pro

Akaso Brave 8 Lite

Akaso Brave 8 Lite

Kioxia Exceria Plus G3 512GB microSD

Kioxia Exceria Plus G3 512GB microSD

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed