Variety: Facebook, Google Could Lose Over $44 Billion in Ad Revenue in 2020 Because of Coronavirus

Variety: Facebook, Google Could Lose Over $44 Billion in Ad Revenue in 2020 Because of Coronavirus. “Ad spending is falling off a cliff amid the COVID-19 pandemic — and Facebook and Google, the two heavyweights in digital advertising, are expected to bear the brunt of the downturn in terms of sheer dollars lost. The two internet giants together could see more than $44 billion in worldwide ad revenue evaporate in 2020, Cowen & Co. analysts estimate. That said, both Google and Facebook will continue to be massively profitable even with double-digit revenue drops.”

Gizmodo: On Google Search, Scammy Unemployment Ads Are Targeting Some Of The Most Vulnerable People

Gizmodo: On Google Search, Scammy Unemployment Ads Are Targeting Some Of The Most Vulnerable People. “In the past week, we’ve seen spikes in searches for phrases like ‘unemployed,’ ‘laid off,’ and ‘unemployment benefits,’ to name a few. While many of these searchers will find the information they’re looking for, too many are likely to encounter Google ads for sites that could scam them out of their hard-earned savings. And Google is so far continuing to allow these ads to run.”

Business Insider: Google says it has removed ‘millions of ads in the past week’ relating to coronavirus, but users are still seeing ads for products like face masks

Business Insider: Google says it has removed ‘millions of ads in the past week’ relating to coronavirus, but users are still seeing ads for products like face masks. “Weeks after Google said it was banning ads from companies attempting to profit off of panic surrounding the novel coronavirus, users still reported seeing ads for products like face masks served by Google Ads.”

Politico: Stealth political ads flourish on Facebook

Politico: Stealth political ads flourish on Facebook. “More than half of Facebook pages that displayed U.S. political ads during a recent 13-month period concealed the identities of their backers, according to research reviewed by POLITICO — a tide of deceptive messaging that raises new questions about the social network’s promises of transparency.”

Vice: Google Is Putting Amazon Prime Ads on Russia-Backed Sites Spreading Coronavirus Conspiracies

Vice: Google Is Putting Amazon Prime Ads on Russia-Backed Sites Spreading Coronavirus Conspiracies. “New research by the Global Disinformation Network has revealed that 1,400 fake news websites spreading coronavirus conspiracy theories across Europe have been funded to the tune of $76 million by ad tech companies — with more than 60% of the revenue coming from Google alone. Many of those websites are linked to the Kremlin or directly funded by the Russian government.”

The Siasat Daily: 2 US Senators slam Google for face mask ads

The Siasat Daily: 2 US Senators slam Google for face mask ads. “Two Democratic senators have slammed Google for allowing face mask-selling ads on its platform, asking the US Federal Trade Commission (FTC) to pursue enforcement action against the tech giant.”

CNET: Facebook’s transparency efforts around political ads fall short, study finds

CNET: Facebook’s transparency efforts around political ads fall short, study finds. “Facebook has tried to make it clearer who’s paying for political ads but a new study from New York University researchers casts more doubt about how well these transparency efforts are working.”