Facebook benefits from pandemic ad spending but Apple could spoil its party By Reuters
By Sheila Dang, Elizabeth Culliford and Noor Zainab Hussain (Reuters) - Facebook Inc (NASDAQ:FB) beat Wall Street expectations for both quarterly revenue and profit on Wednesday but warned that growth later this year could "significantly" decline as new Apple Inc (NASDAQ:AAPL) privacy policies will make it more difficult to target ads. A surge in digital ad spending during the pandemic when consumers shopped online, along with higher ad prices, helped Facebook revenue surge 48%. Looking ahead, the world's largest social network said it will focus on building e-commerce features to expand beyond its ad...
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