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Facebook sees ''signs of stability'' in ad spending after coronavirus drop

Shortpedia

Content Team
Image Credit: shortpedia

Facebook Inc beat analysts' estimates for quarterly revenue on Wednesday and said it has seen "signs of stability" for sales in April after a plunge in March, in yet another signal that tech giants may weather the coronavirus-induced economic collapse better than other sectors. The announcement came a day after Alphabet`s Google said a drop in its online ad sales similarly steadied in April.