Facebook’s revenue soared 49% in the first quarter even as the social giant faced what seemed to be serious challenges over controversial content on its platform.
The results came days after Google parent Alphabet also posted strong revenue gains—it too powering past controversies over questionable content.
Taken together, the results underscore the sheer power of Facebook and Google. eMarketer estimates that the companies’ combined share of total US digital advertising revenues will surpass 60% in 2017.
Sourced through Scoop.it from: www.emarketer.com