Ad growth in the third quarter fell to a low seen only once in almost a decade, the tech company revealed this week.Online advertising giant Google has partially blamed a slowdown in revenue growth on decreasing ad spending by financial firms, including those working with crypto assets.
For example in financial services, we saw a pullback in the insurance, loan, mortgage, and crypto subcategories. In a report quoting the executive, CNBC noted that the with an overall ad growth of 6%, the three-month period was Google’s weakest among all quarters since 2013, with only one exception, at the beginning of the Covid-19 pandemic.
Youtube’s ad revenue also shrank on annual basis, with Google CEO Sundar Pichai referring to the challenging macro climate’s impact on the ad business.
Google bitches be Like 'no u'
how is crypto the problem for Google's slow Ad growth. These are 2 unrelated things. Google's weak growth is because the economy as a whole has been slowing down. The cryptowinter as well started because people don't have money to invest anymore
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