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![]() comments, ephemera, speculation, etc. (protected political speech and personal opinion) 2020- 2020-03-25 b Viral News - Good News The global censor and promoter of progressive regressive fad announces drop in advertising revenue. Facebook
Inc. FB, +8.69% said late Tuesday that its business
was being "adversely affected" by the COVID-19
pandemic as traffic has spiked and ad revenue has
"weakened." Facebook stock fell roughly 1% in the
extended session. The company said in a blog post
that while on the one hand its messaging products
and other services are seeing increased traffic, the
company does not generate revenue from "many of the
services" that are seeing more use. Facebook also
said ad revenue is weakening in countries taking
aggressive actions to reduce the virus' spread. The
company said that some of the countries hardest hit
by the virus are seeing messaging increase by more
than 50%, and a doubling in voice and video calling
on its various messaging apps.
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