How Google suffered its weakest revenue in five years amid covid19?

  • Apr 29, 2020 NZST
  • Team Kalkine

The government has allocated up to $15 million to improve rural broadband capacity. Broadcasting Minister Kris Faafoi said investment in the rural network would help with the development and wellbeing of isolated communities as the economy recovers from Covid-19.

New Zealand-based delivery service Delivereasy had its busiest night ever on the first day of level three. The company was forced to close website orders as early as 6.30pm in some cities after a flood of orders for food deliveries exceeded capacity.

Google has reported its weakest revenue growth in nearly five years in the first quarter as the pandemic-driven recession began to shrivel its advertising sales. The January-March earnings for Google parent Alphabet offer a first look at how the digital ad market has fared amid widespread orders requiring consumers to stay at home. Those restrictions have given most advertisers little incentive to market their products and services.

 


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The video has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above video is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.

 

   
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