Exults Internet Marketing Agency Continues to See Strong Demand for Facebook Advertising Despite The Coronavirus Pandemic Slowdown
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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Source: PR Web
FORT LAUDERDALE, Fla. (PRWEB) April 30, 2020 Facebook's advertising spend continues to see growth during the global Coronavirus pandemic, further proving its immunity and stronghold as an advertising giant. Facebook has maintained its central position in the digital economy, proven by its Q1 earnings report. Even amidst the global lockdown, Facebook reported a $1.71 earnings-per-share on revenues of nearly $17.74 billion, surpassing analysts' estimated $17.30 billion revenue. Facebook's revenue increased nearly by 18% from the $15.08 billion in the 2019 Q1 earnings report. Facebook has supported the public by providing useful information to keep everyone safe during the COVID-19 shutdown. The leading social media platform has been strict on advertising for Coronavirus and restricting certain ads to avoid any false advertising, creating a safe environment for its users. With many users self-quarantining, Facebook has seen a significant increase in messaging alone, rising over 50% over
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