Facebook stock spikes despite ‘significant reduction’ in demand for ads – TechCrunch
The coronavirus pandemic is significantly slowing the growth of Facebook’s ads business, but investors seem pleased with the company’s performance in Q1 after Facebook released its earnings report Wednesday. The company beat Wall Street expectations on revenues, sharing that they had ma…
29 Apr 2020 ... Facebook stock spikes despite 'significant reduction' in demand for ads ... reduction in the demand for advertising, as well as a related decline in the pricing of our ads, over the last three weeks of the first quarter of 2020.”.