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-0.000287104103948203 0.000475772515113921 0.00132888185255965 0.00171581615493774 -0.0016200874437072 -0.0107947861894725 -0.00578309695095456 -0.00983536630382177
Stock impact report

Social Media Companies Face Ad Spending Reckoning Amid Coronavirus [The Motley Fool]

Alphabet Inc. - Class C Capital Stock (GOOG) 
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
Company Research Source: The Motley Fool
With the coronavirus pandemic raging on in the U.S. and across the world, social media giants(NASDAQ:FBAlphabetNASDAQ:GOOGNASDAQ:GOOGLNYSE:TWTRSnapNYSE:SNAPAfter all, travel is halted, events around the globe are canceled, and local businesses are shuttered, forcing marketers for these services and events to rein in their spending. That's prompted some of the nation's largest social media companies to issue warnings, and investors to run for the hills.But just how bad of an ad spending reckoning they face depends on how long the world is forced to shelter in place and if and when life becomes normal again.Image source: Getty Images.Social media ad spending takes a small business hitInvestment banking firmCowen & Co.Snapchat to see a $977 million declineIn normal times, social media is the place to be for advertisers, given the huge number of users and the reach ads on platforms like have. But they are typically self-serve ads, which means they are easy to cancel when business goes so Show less Read more
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