Google's U.S. ad revenue to take a hit due to pandemic: report
The decline for the world's largest digital advertising company is primarily due to its heavy reliance on travel companies that advertise in Google searches, which has been the hardest-hit industry during the pandemic, eMarketer said.
The forecast shows how the health crisis has hurt even the largest advertising platforms, as ad spending typically follows economic conditions and demand from consumers.
Google had been expected to grow its U.S. ad revenue by almost 13%, according to eMarketer's first-quarter forecast which did not account for the pandemic.
Facebook Inc <FB.O>, the second-largest digital ad company, is expected to increase its U.S. ad revenue by nearly 5% this year, far less than the 26% growth in 2019, the research firm said.
(Reporting by Sheila Dang; Editing by Richard Chang)
Australia's antitrust regulator warned Google's planned $2.1 billion acquisition of fitness tracker maker Fitbit <FIT.N> may give it too much of people's data, potentially hurting competition in health and online advertising markets.
Huawei to receive planning permission to build 400-million-pound facility in UK: The Times
Chinese telecoms equipment maker Huawei Technologies Co Ltd is expected to receive planning permission this week to build a 400-million-pound ($494.24-million) research and development centre in Britain's Sawston village.