Page 12 - Google Network News Today

Best Media Info: While revenue generated from YouTube Ads stands at $7.07 billion, Google’s Search ads brought in $39.54 billion in the third quarter of FY22| Advertising News

Meta's metaverse-related Reality Labs lost $3.7 billion in the third quarter, taking losses this year to $9 billion, and a digital ads slowdown is hitting techs.

Meta's metaverse-related Reality Labs lost $3.7 billion in the third quarter, taking its losses for the year to $9 billion.

In Q3, the Google parent's core advertising business grew revenue just 2.5% year over year.

The recession is coming for the search giant.

Google's parent company partly blamed its underperformance on a tough economic backdrop and advertisers pulling back on spending.

Investors are looking closely at just how bad an economic slowdown could get.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

A ministry and a state agency in Estonia recently inadvertently placed online ads on pro-Russian websites. Both cited as the reason errors on the part of the media agencies that provided the services.

These companies have been hit hard in 2022 but are likely to see significant growth over the long term.