Here's What to Watch When Facebook Reports Earnings on Wednesday
Facebook (NASDAQ: FB) is slated to report earnings after market close on Wednesday, July 29. The company, like many others, is going through a volatile period. Fortunately for this FAANG stock, as people stay at home more often to avoid COVID-19, they use its apps more frequently. Still, the company has challenges to contend with.
Although people are using Facebook's family of apps more often, advertisers are not spending as much money to advertise to them. Many businesses have had to shut their doors to customers, and those fortunate enough to stay open are mostly generating decreased revenue and slashing expenses, including advertising, to remain afloat. What's more, the additional $600 per week in unemployment benefits is set to expire at the end of this month, which has the potential to reduce consumer spending even further.
Here's what investors should look for when Facebook reports earnings.
Source Fool.com
