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The online-ad industry is being shaken up

The Economist LogoThe Economist2 mo ago

The online-ad industry is being shaken up - The Economist

Quick Summary:

A day later Meta said that its revenue declined for the first time, by 1% year on year.

Smaller social-media firms such as Pinterest and Snap at times hit triple-digit year-on-year quarterly revenue growth.

For years they shrugged off blips in the broader economy, as many customers came to see online ads as a virtual shopfront that needed to be maintained even in tough times—often at the expense of other ad spending.


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Article Details

Category: EconomyFinance

Topics: Snap Advertising Last Growth Meta Year Digital-ad Advertisers Compared Online Revenue

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-28, 11:05:26

News Timezone: GMT -5:00

News Source URL: economist.com

Language: English

Reading Time: 4 minutes read

Article Length: 691 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 90890

View Article Analysis

About The Economist

The Economist Logo

Main Topics: EconomyFinance

Official Website: economist.com

Update Frequency: 2 posts per week

Year Established: 1843

Headquarters: United States

News Last Updated: 16h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #36

Publisher Details

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