Facebook Sees Surge in Usage but Warns of Ad Slowdown

Taking a page from rival Twitter (NYSE: TWTR), Facebook (NASDAQ: FB) warned Tuesday it is seeing a slow down in advertising sales amid the COVID-19 outbreak. 

In a blog post, the social media giant said it is experiencing a huge uptick in usage in areas most affected by the pandemic but warned that won't be enough to cushion the blow from a weakening advertising business. 

IMAGE SOURCE: GETTY IMAGES.

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Source Fool.com