MeDigit News Bulletin: 30th April 2022
So, the big thing of this week was Elon Musk buying twitter…read on to know what else has happened in digital world!
Meta Q1 2022 report: Price per ad decreased
The Meta Q1 2022 Report highlights active usage of apps owned by Meta, the network’s standing in terms of revenue generated, and the advertising revenue affected by headwinds.
Spotify posted a 24% rise in revenue to $2.82 billion in the first quarter
Audio streaming platform Spotify has a huge opportunity in Southeast Asia especially in India in the near future, CEO Daniel Ek said during the company’s earnings conference call. Speaking about the growth in India, the CEO stated that the Total Addressable Market (TAM) in the country alone is over a billion, adding that India and Indonesia are some of the markets where the company is doing ‘incredibly well.’
Amazon’s Ad revenue grows To $7.9 billion
Amazon’s ad revenue has grown to $7.9 Bn in Q1 2022 while its retail sales have diminished, which makes it clear that advertisers have started focusing on Amazon ads more than ever.
Elon musk buys Twitter: What now?
Well, no one knows for sure, likely not even Musk himself, who recently admitted that he’s still working through his plans. But we do have some pretty clear indicators about Musk’s intentions, ranging from restoring ‘free speech’ to combating bots.
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See you next week!!!