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Facebook cuts ad rates during the outbreak of corona virus
April 15, 2020
Due to the pandemic, Facebook has cut its ad rates during the outbreak of corona virus. Approximately 15-20% cut in ad rates is done by the social media giant.
Wpromote, a digital marketing agency told The Wall Street Journal, “Ad rates of Facebook are reduced by 25% during the last two months”.
Facebook has admitted that its ad business is facing problems due to the outbreak of corona virus. The social media giant is going after ad budgets to recover from the loss.
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