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Coronavirus (COVID-19) lockdowns might have all of us on social media more than ever, but business isn’t exactly booming for Facebook. In fact, the. COVID-19 pandemic is actually having an adverse affect on revenue, Facebook revealed in a blog post on Tuesday. “[…] [O]ur business is being adversely affected like so many others around the world,” said the social media giant. “ We don’t monetize many of the services where we’re seeing increased engagement, and we’ve seen a weakening in our ads business in countries taking aggressive actions to reduce the spread of COVID-19.”. [Read: Facebook brings dark mode redesign to “the majority” of desktop users ]. Increased engagement is right: Faceboo... Full story

28 March