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It was reported on Monday that Facebook and Spotify Technology SA SPOT launched a new mini player for Facebook users to stream Spotify through the Facebook app on iOS or Android. The move is part of the company’s push to add shopping and e-commerce features within Facebook and Instagram to generate more revenue. The privacy rule changes will result in user permission becoming mandatory for displaying targeted advertisements, according to Apple.Īccording to a report by Reuters, Facebook is now working on including an affiliate program to let content creators earn money from recommending products on Instagram. GOOG GOOGL, has bitterly criticized Apple’s privacy updates to its iOS 14 operating system for months, saying that the changes would hurt its business and also harm small businesses. User numbers ballooned during 2020, as the pandemic kept people inside and online, but the firm said: 'We expect year-over-year total revenue growth rates to decelerate significantly' in the second half of 2021. 'America reported 122,000 new COVID-19 cases on Friday, the highest single-day spike since February,' reports Business Insider.But when it comes to anti-Covid measures like vaccine mandates, Americas technology companies have been 'decisive trend setters,' according to the New York Times On Tech newsletter. We saw this in the revisions trend, which had been mixed at best. But the outlook for earnings had started easing even before the recent geopolitical developments. The EEOC says employers can require employees to get a COVID-19 vaccine or bar them from the office. The total number of ads delivered rose 6 year-over-year, Facebook said, while revenue from the segment was up 47. We knew all along that earnings growth was expected to decelerate significantly in the current and coming quarters, after remaining very strong in the preceding periods. Advertising revenue increased 45% year-over-year, with the average revenue per ad up 30% year-over-year and a 12% year-over-year increase in the number of ads delivered.įacebook, the second-largest recipient of advertisement revenues after Alphabet Inc. Los Angeles County Sheriff Alex Villanueva continues to rail against the county’s vaccine mandate, warning it is causing a mass exodus in his department and threatens public safety at a. Facebook and Google are among the firms mandating vaccines for in-person workers. Furious teachers protesting mandatory vaccinations march across Brooklyn Bridge chanting F Joe Biden: Businesses reel against new NYC indoor vaccine rule crackdown amid Delta infections. But though it might seem counterproductive, behavioral scientists believe that introducing the option of doing nothing into a set of choices helps you get more.
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Why It Matters: Facebook’s first-quarter revenues surged 48% year-over-year to $26.17 billion and beat analyst estimates as the digital advertising industry boomed during the pandemic.