
Facebook Revenue Slips As Usage Leaps During Pandemic
Facebook on Tuesday said the coronavirus pandemic has users flocking to its services while it undermines ad revenue on which the world’s biggest social network depends.
Online voice and video calls at Facebook-owned Messenger and WhatsApp have more than doubled in places hit hard by the new coronavirus, according to a post by vice president of analytics Alex Schultz and Jay Parikh, vice president of engineering.
“As the pandemic expands and more people practice physically distancing themselves from one another, this has also meant that many more people are using our apps,” Parikh and Schultz said.
Much of the increased …