• Amazon Poses Threat to Facebook's Ad Targeting Dominance. With Amazon's increasing investment in its ad products and a growing edge in targeted capabilities, brands are shifting their ad budgets towards the e-commerce giant. Amazon's ad business, which has skyrocketed to third place among digital ad companies, saw a 19% growth in Q4, while Facebook's parent company, Meta, reported its third straight drop in revenue.
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  • Ford to Build EV Battery Plant in Michigan. Ford Motor Co. and Contemporary Amperex Technology Co. Ltd. are set to revolutionize the industry with their plans to build a multibillion-dollar battery plant in Michigan. The facility, located just 100 miles west of Detroit, is expected to create 2,500 jobs and make a significant impact on the industry. A formal announcement of the agreement is expected to be made next week.*

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