Elon Musk’s social media platform, X, may face up to $75 million in lost advertising revenue by year’s end as companies scramble to distance their ads from pro-Nazi content, The New York Times first reported Friday. More than 200 ad units from companies including Airbnb,
Read MoreTag: revenue
Snap returns to quarterly revenue growth on improved ad business
Snap Inc. returned to revenue growth in the third quarter after two periods of declines, showing the long-running improvements to its digital advertising business are finally paying off. The company cautioned, however, that the progress may be blunted in the current period by advertiser delays
Read More
Facebook parent Meta posts sharply higher profit in 3Q thanks to increase in ad revenue
Facebook parent Meta on Wednesday posted sharply higher earnings for the third quarter, boosted by an increase in advertising revenue and lower expenses after it laid off thousands of workers. The stronger-thank-expected results followed Google parent Alphabet’s report Tuesday showing a rebound in earnings and
Read More