Facebook anticipates tougher 2021 even as COVID-19 pandemic boosts ad revenue
Shortpedia
Content Team
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Facebook Inc warned of a tougher 2021 despite beating analysts` estimates for quarterly revenue as businesses adjusting to the global coronavirus pandemic continued to rely on the company's digital ad tools. The company said in its outlook that it faced "a significant amount of uncertainty," citing impending privacy changes by Apple and a possible reversal in the pandemic-prompted shift to online commerce.
