Big Tech Earnings Cement Digital-First Economic Shift
PYMNTS
NOVEMBER 2, 2020
Economic headwinds abound. Amazon’s own “other revenue” category, which includes advertising, leapt by 51 percent. eBay noted on its earnings call that organic revenue growth came in at 26 percent, driven by payments and advertising. Amazon, too, noted that advertising budgets were increasing. Virus cases are rising.
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