Facebook beat
Total revenue, which primarily consists of ad sales, jumped to
Earnings came in at
Facebook has been a huge beneficiary of worldwide lockdowns but the company has recently indicated plans to expand its revenue streams.
Read more: Google owner Alphabet beats revenue expectations as ad spend recovers
Earlier this week it announced its launch into the audio market as a rival to Clubhouse which has boomed over the pandemic.
The social media giant said it would build a new set of audio creation features in order to support people using the site to make their own content.
“The
“Whereas growth for brands used to be driven by opening up new geographical markets or launching new products, increasingly it is also becoming about leveraging the global digital platforms to best effect and
Read more: Microsoft calls on users to pick new default font for Office
Tech earnings have so far been mixed this week with analysts reacting fairly negatively to Microsoft results despite the company beating
However Google owner Alphabet sent the S&P 500 higher this afternoon after a strong performance in the quarter and adding
The post
© City AM, source