Facebook’s revenue surged 48% in the first quarter to $26 billion, thanks primarily to an increase in the prices it charges advertisers, the latest sign that the social network has benefited from a pandemic-accelerated shift in ad spending to digital platforms. The results also showed that Facebook is becoming much more efficient as it grows. Its operating margin, or operating profit as a...
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TV’s Bleak Advertising Picture, By the Numbers
It must be galling to be a TV executive nowadays. Over the past few weeks, they’ve had to watch a parade of tech companies reporting ad revenue up 30%-75% for the quarter. Now it’s the media companies’ turn—and their numbers haven’t been quite as bountiful. Most so far have reported little or no real growth.Take ViacomCBS, which today reported 25% higher ad revenue. That sounds pretty healthy—...
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Ex-Amazon Exec Jeff Blackburn Leaves Bessemer
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