Amazon has a $31 billion a year advertising business

Amazon revealed Thursday just how big its advertising business has become. It generated $31.2 billion in revenue in 2021, with fourth-quarter sales rising 32%, according to the retailer’s fourth-quarter earnings statement. The disclosure follows years of Amazon investing in the advertising business and keeping details private. At that scale, it’s larger than several other entities […]

Inflation hits Facebook, stock tanks

Meta Platforms, formerly Facebook, is the latest casualty tied to inflation, and shares plummeted in the extended session. “We’re hearing from advertisers that macroeconomic challenges like cost inflation and supply chain disruptions are impacting advertiser budgets,” the company disclosed in its fourth-quarter earnings release. The stock traded as low as $257.65 as of 4:40 p.m. […]

Card Processor Revolution Lets Customers Pay by Text

Credit card processor Revolution Payments has made text payments available for its gateway customers in the U.S. The text-to-pay solution supports credit cards and ACH payments, the Virginia-based company said in a news release this week. “The integration of text-to-pay is in direct response to growing customer demand for these services,” said Revolution, whose customer […]