Amazon.com, Inc. (NASDAQ:AMZN), Google Inc. (NASDAQ:GOOG) - Amazon Is Grabbing Google's Online Advertising Share: FT
Share: Amazon.com, Inc (NASDAQ: AMZN) is on course for $100 billion in quarterly revenue as the pandemic has led to an online shopping surge, the Financial Times reports. As shoppers have flocked online, Amazon has also seen a boost in advertising revenue. According to FactSet, the e-tailer is on track to post $21 billion revenue from the "other" unit in 2020, FT noted. What Happened: The “other” unit mostly comprises Amazon’s ads business. Expected revenue of $21 billion puts Amazon’s “other” unit on track for 47% year-over-year growth, which will surpass growth from retail, ...