Facebook earned $16.6 billion in ad revenue for the second quarter of 2019, a 28% increase year-over-year. Facebook CFO David Wehner said Facebook earned that the average price per ad across Facebook’s services decreased 4% during the second quarter, while ad impressions served were up 33%. Facebook’s 16.9 billion. More than three times what the company has to pay as part of its settlement with the FTC over privacy violations.
Amazon reported revenue for its “other” category that mostly comes from ad sales rose 37% to $3 billion for the second quarter of 2019 , compared with a 34% yearly jump in the prior quarter
Snap, the company behind Snapchat, reported revenues of $388 million second quarter of 2019 a 48% year-over-year increase. Users also grew, with Snap reporting 13 million new daily active users joining the platform during the second quarter.
Apple has agreed to buy the majority of Intel’s smartphone modem chip business in a $1 billion (€897 million) deal, the companies announced on Thursday.