Facebook Beats Earnings Expectations The Same Day It Gets Hit With A $5B FTC Fine

Facebook’s stock dipped slightly on Wednesday morning after the Federal Trade Commission formally announced its $5 billion dollar fine over privacy violations. But by the time Facebook reported its second quarter earnings after the bell, the stock has recovered and then some. Facebook is up 3.2% postmarket after beating expectations and raking in the adContinue reading »

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EMarketer: Reddit Ad Revenue Will Crack $100 Million In 2019

Reddit’s advertising revenue is a speck on the duopoly’s windshield, but it’s growing fast, albeit from a small base. The company’s US net ad revenue is set to hit $119 million this year, up from $76.9 million in 2018, giving Reddit a 0.1% share of the US digital ad market, according to an eMarketer forecastContinue reading »

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