MoonPay CEO, Other Executives Cashed Out Before Crypto Business DroppedRead more

Briefing
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Facebook Ad Growth Spikes as User Growth Declines

By
Alex Heath
· · Source: The Information

Facebook reported 22% growth in ad sales for the third quarter, pushing up total revenue to $21.2 billion and surpassing past Wall Street and the company’s own expectations. But daily user growth in North America, Facebook’s most lucrative market, declined for the period—a trend management said would continue through the fourth holiday quarter. Like its peers in the digital ads industry,...

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