Three of the so-called FAANG companies saw their advertising expenses drop for the first time in a decade in 2020.
Pandemic led to lower costs for top global advertiser.
A couple of quarters after the Covid-19 pandemic hit its financial performance, Google's parent company has recorded a 69% jump in operating income and 23% lift in revenue year-on-year.
As founder Jeff Bezos announces his move to executive chairman, revenue from Amazon's 'other' category, which includes advertising, soars 64% year-on-year.
YEAR IN REVIEW: Our annual look at the brand disasters and slip-ups that dominated headlines this year.
Amazon is facing criticism for product listings brandished with sacred Hindu symbols, while users are protesting Tanishq's Diwali advice.
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