Amazon Poses Threat to Facebook Ad Dominance

The next $10million budget move may only cost $1k to produce, while SpaceX uses Starlink as a cash cow launchpad for it's first lunar landing. And what exactly is going on with the housing market lately? Catch today's Market Movers Daily update for all the intel.

Staff February 13, 2023 — 3 minutes read

Image Source: Wall Street Journal — Image Source.

MARKET MOVERS

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.*

Amazon Poses Threat to Facebook Ad Dominance

MARKET MOVERS

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