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Facebook doubles profit on strong growth in user numbers during Q2, sees pressure for ad revenue

Friday 31 July 2020 | 11:37 CET | News
Meanwhile, ad revenue in Q3 is expected to stay at the 10 percent growth level recorded in Q2 and the year before. This comes against the backdrop of continued macroeconomic uncertainty and declining engagement, as well as the advertising boycott against Facebook. Over 300 companies have paused their ad spend as a way to put pressure on the company to better tackle hate speech. Ad revenue will also get affected by regulatory headwinds related to ad targeting and measurement. The California Consumer Privacy Act as well as expected changes to mobile operating platforms are expected to have a

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Categories: Internet / Mobile & Wireless
Companies: Facebook
Countries: World
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