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Libra Could Cause Increase In Facebook Ad Prices, Zuckerberg Reportedly Says

Ramsey Baker

Summary: The Libra cryptocurrency will purportedly enable Facebook to earn more money from ads, according to a report from Cnet.  During the social network’s annual shareholder meeting, CEO Mark Zuckerberg reportedly said that by Introducing a new cryptocurrency commerce will become more effective for businesses and in turn result in higher ad prices, thereby increasing ad revenue for ...

The Libra cryptocurrency will purportedly enable Facebook to earn more money from ads, according to a report from Cnet. 

During the social network’s annual shareholder meeting, CEO Mark Zuckerberg reportedly said that by Introducing a new cryptocurrency commerce will become more effective for businesses and in turn result in higher ad prices, thereby increasing ad revenue for Facebook.

Facebook earned about $69.6 billion from selling ads, which made up more than 98% of their total income in 2019.

By Ramsey Baker

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Link: Libra Could Cause Increase In Facebook Ad Prices, Zuckerberg Reportedly Says   [Copy]
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