But its ad business isn't getting boosted, as much of the activity is on unmonetized services, while advertisers are pulling back due to the pandemic.
The Silicon Valley-based social networking firm is seeing extraordinary traffic on its various apps as users turn to tech to cope during the unprecedented coronavirus lockdowns around the globe, but at the same time its core advertising business is under pressure, the company has said.
But this doesn't necessarily translate into more advertising dollars, which makes up the vast majority of Facebook's revenue.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Instagram Models Say Business Is Taking a Hit From CoronavirusInstagram model business taking hits from coronavirus pandemic. Cry me a river Oh no, now they might need to get real jobs. Oh no. Poor thing... 😭
Source: TMZ - 🏆 379. / 59 Read more »
The coronavirus pandemic may be weakening US retail - Business Insider - Business InsiderWith states and cities closing nonessential stores in response to the coronavirus, retailers may lose the ability to make in-store sales altogether. Ya think lortyvon L’augmentation des taxes est là
Source: BusinessInsider - 🏆 729. / 51 Read more »
McDonald's closes UK, Ireland restaurants amid coronavirus pandemic - Business InsiderMcDonald's UK said it will shutter all of its 1,270 restaurants on Monday, 23 March at 7 p.m. local time.
Source: BusinessInsider - 🏆 729. / 51 Read more »
US banks reassess their branch strategy amid the coronavirus pandemic - Business InsiderAs the coronavirus pandemic intensifies, major US banks are beginning to alter their branch operations to protect their employees and customers.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Top pandemic expert warns it's too soon to end coronavirus lockdowns - Business InsiderA top pandemic expert warns it's way too soon to end the coronavirus lockdowns: 'COVID would spread widely, rapidly, terribly' This isn't reassuring at all... Ask him if he's financially comfortable to stay in lockdown for another month...not everybody is Jail Trump if elderly die due to lack of leadership. Would it be 2nd degree?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Coronavirus pandemic: Ford won't restart North American end of March - Business Insider'Ford's top priority is the health and safety of our employees, dealers, customers, suppliers and other stakeholders,' the company said.
Source: BusinessInsider - 🏆 729. / 51 Read more »