The total amount of internet advertising revenue in the U.S. is expected to decline by 3.4% year-over-year in 2020, PwC is predicting in the latest edition of its Global Entertainment & Media Outlook. That's a massive decline when compared to last year, which saw ad dollars in the U.S. grow by nearly 16% year-over-year.
-- Janko Roettgers, Protocol
Weak ad spending and search activity undermined quarterly metrics, dropping 9.8% year over year, with customers forced to cut ad budgets as a result of the COVID-19 pandemic.
-- Alan Farley, Investopedia
"While we are cautiously optimistic that these trends could sustain over time, we are also conscious that operating conditions may remain volatile, and that economic conditions could further deteriorate," Snap Chief Financial Officer Derek Andersen said in his prepared remarks. "For example, advertising demand in Q3 has historically been bolstered by factors that appear unlikely to materialize in the same way they have in prior years, including the back to school season, film release schedules, and the operations of various sports leagues."
-- Max A. Cherney, Barron's
It's been my contention all along that the "boycott Facebook" trend was more about reducing costs ahead of plummeting sales, than the altruistic reasons being fed to investors -- Scrib
Facebook, Google, and others will now have to operate within rules set by the Communist Party of China if they want to stay in Hong Kong. If they do that, they will likely face a backlash back at home among their employees and US lawmakers. If they don’t, they lose out on getting any foothold at all within the biggest online market in the world.
-- Charlotte Jee, MIT Technology Review
Today, we are announcing a licensing program to pay publishers for high-quality content for a new news experience launching later this year. This program will help participating publishers monetize their content through an enhanced storytelling experience that lets people go deeper into more complex stories, stay informed and be exposed to a world of different issues and interests. We will start with publishers in a number of countries around the globe, with more to come soon.
-- Brad Bender, VP Product Management, News
Unlike the Apple News $9.99 monthly subscription, it looks like the new Google service will be free to the public, being paid for via inline advertising.
The letter, with the headline "No Police Contracts," began circulating last week and has been signed by more than 1,100 employees, who identify themselves as part of "Googlers Against Racism."
-- Jennifer Elias, CNBC
Gainesville police, looking for leads, went to an Alachua County judge with the warrant for Google. In it, they demanded records of all devices using Google services that had been near the woman’s home when the burglary was thought to have taken place.
-- Agnes Lopez, NBC News
Its cloud division is still running behind the likes of Amazon and Microsoft, bringing in $2.6 billion in the quarter. In its most recent quarter, Microsoft (MSFT) made $11.9 billion from its Intelligent Cloud business, which includes its Azure Platform.
-- Daniel Howley, Yahoo Finance
To start with, unlike tweets or tagged photo sharing, streaming video is fundamental. The original HTML- dominated version of the web democratized and decentralized the publication of the written word. Online streaming video is doing the same for the moving picture, an equally, if not more important form of media for many people.
-- Cal Newport, Study Hacks Blog
California caught the world by surprise last year when it passed the nation’s strongest data privacy law, instantly making Sacramento one of the most important regulators of global tech. As members of the California legislature forged the deal on a defining challenge of the digital age, the internet companies were slow to awaken to the threat, and brought few of their considerable resources to bear.
-- Katy Murphy, Politico