The coronavirus, which started from a city in China, has reached almost 200 countries in the world today. Due to this virus, the whole world is suffering economic loss. Along with this, the impact of the coronavirus is going to be huge on the two big companies of the world, Facebook and Google. In a report, it is said that due to the coronavirus, Facebook and Google will get $ 44 billion, or 4,400 crores in the year 2020. Dollar losses may occur.
Along with this, in other words, due to Coronavirus in the year 2020, these two companies could suffer a loss of $ 4,400 million due to the decrease in advertising. According to a report by Global Investment Bank and financial services company Cowen & Company, Google's total net revenue was expected to be $ 127.5 billion in the year 2020, but due to Coronavirus it is expected to decrease by $ 28.6 billion. At the same time, according to Cowen's report, this year Twitter can see an 18 percent decrease in earnings.
On the other hand, the company has said about Facebook that Facebook was expected to profit $ 67.8 billion from advertising this year, but due to Corona it may see a decrease of $ 15.7 billion. It is also currently claimed that in the year 2021, Facebook's advertising business can see a growth of 23 percent, which will be around $ 83 billion.
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