Thursday, July 30, 2020
Facebook smashes revenue estimates amid pandemic, forecasts ad growth
Ad sales, which contribute nearly all of Facebook's revenue, rose 10% to $18.3 billion in the second quarter as people under lockdown spent more time online and businesses rapidly pivoted to e-commerce https://ift.tt/3jTVvFj https://ift.tt/eA8V8J
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The UK's Ofcom opens an OSA probe into Meta over Instagram Instants, launched in May; Meta says it "briefed Ofcom about this feature on a number of occasions" (Reuters)
Reuters : The UK's Ofcom opens an OSA probe into Meta over Instagram Instants, launched in May; Meta says it “briefed Ofcom about thi...
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Robert Hackett / Fortune : Profile of Kathryn Haun, a former prosecutor who created US' first federal “digital currency task force” a...
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Amid government scrutiny over its various trade practices, the firm has been able to hold on to a set of consumers looking for cheaper goods...
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