Monday Express Twitter announces ban on political advertising next month, Google parent releases Q3 results

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Marketer Monday Express

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Twitter

Twitter announces ban on political advertising next month


Jack Dorsey, chief executive of social media Twitter, said on Wednesday that the company would begin banning political advertising on its platform next month as the social media platform was under intense pressure to stop the spread of false information and manipulate elections, foreign media reported.

Dorsey said in a statement:"We've decided to stop all political advertising on Twitter around the world.We believe that the influence of political information should be won, not bought in exchange.Analysts did not expect the move to significantly reduce Twitter's business, but its shares fell 1.8 percent in after-hours trading.

 Social media companies, including Twitter and its rival Facebook, are under increasing pressure to stop publishing and disseminating inaccurate informationSue. (Source: Hugo.com)





Netflix

 Android version of Netflix client introduces double-speed playback


Netflix, the streaming video service provider, has just introduced a feature update for its Android client, which is double-speed playback. But with so few reports and no updates on every device yet, Netflix's speed-up may still be in limited testing. Before this, many podcasts and video players have introduced playback speed controls. (Source: 36 Newsletter)






Google

Google's parent company releases Q3 results:Advertising revenue remains strong at $33.9 billion, but profits down 23%


On October 29th Alphabet, Google's parent company, released its 2019 Q3 results.According to the results, the company's revenue for the quarter rose 20 percent year-on-year to $40,499 million, compared with $33.740 billion a year earlier.Net profit was $7,068 million, down from $9.192 billion a year earlier.

Advertising revenue remains Google's "cash cow", with $33.92 billion in advertising revenue in the third quarter, compared with $28.95 billion in the third quarter of last year.Google's advertising revenue is clearly still growing strongly in terms of earnings, but its shares fell 4 percent in after-hours trading after Alphabet's third-quarter results.(Source: Morketing)





Facebook

Facebook Q3 reports:35 million live users, 29% revenue to $17.7 billion


Facebook recently released its third-quarter 2019 report, which shows that facebook users and overall revenue continue to grow.
The first was the number of users, with Facebook's daily active user base increasing by 36 million in the third quarter and the DAU to 1.6 billion.The number of new users also increased from the previous quarter (25 million), in line with DAU's growth trend, and Facebook's DAU in North America also increased by 2 million.At the same time, Facebook's monthly active user base increased by 35 million to 2.45 billion.
Facebook's revenue reached $17.7 billion in the quarter, up 29 percent from a year earlier, and is expected to reach nearly $70 billion for the full year 2019.Facebook also noted that mobile advertising revenue accounted for 94 percent of its overall results, up from 92 percent in the third quarter of 2018. (Source: Wood-cutting Network)









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