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Google, YouTube See Strong Growth in Q4 of 2020

Social media giant YouTube has generated almost $5 billion from the ad revenue in the fourth quarter of the year. Technology ace Google, which is part of the parent company Alphabet as well, unveils the report. Watch this video at Bloomberg Technology to hear from John Freeman, Vice President of Equity Research at CFRA. He believes the global pandemic is the prime reason for ad revenue growth. Consumers moved from conventional media to Google search and YouTube amid the lockdown. Google is currently addressing a DoJ lawsuit and regulatory concerns over which CEO Sundar Pichai had asserted that the products are creating significant consumer benefits. The company will keep trying to boost business and services.

The post Google, YouTube See Strong Growth in Q4 of 2020 appeared first on AITS CAI’s Accelerating IT Success.

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