Facebook stocks closed at $181.09 at the end of Friday's trading session. This 2.20% fall from Thursday's prices was as a result of advertisement concer
Facebook stocks closed at $181.09 at the end of Friday's trading session. This 2.20% fall from Thursday's prices was as a result of advertisement concerns due to the coronavirus disease. Advertisements account for 98.5% of Facebook's revenue, however, Coronavirus hitting 10 hot spots of Facebook ( US, Italy, Thailand, UK, Nigeria, Brazil, Germany, Mexico, Spain, Canada). Facebook advertising seems to be at risk. This is because many of Facebook's over 7 million active advertisers are small and may have to cut down on advertising in order to keep operating due to low demand as a result of the Covid-19 disease.