Facebook, Google May Lose Over $44 Billion in Ad Revenue in 2020
Facebook, Google May Lose Over $44 Billion in Ad Revenue in 2020 The novelcoronavirus pandemiccan wipe out more than $44 billion in global ad revenue for the tech giants Facebook and Google in 2020 as digital advertising runs dry, a new report has predicted. According to global investment bank and financial services company Cowen & Co., Google’s total net revenue is projected to be about $127.5 billion — down $28.6 billion....