Crypto Winter is Hurting Google
0With the exception of the first quarter of the pandemic, Google's total ad growth of 6% in the quarter was the lowest since 2013. From the previous year, YouTube ad income decreased. The "difficult macro climate," according to Google CEO Sundar Pichai, is having an effect on Google's advertising business. The cryptocurrency market has suffered in 2022 as a result of investors' flight from hazardous investments and their selling of digital currencies as well as the linked equities that they had bought up over the previous two years. Among the more well-known names that were driven into bankruptcy are Voyager, Celsius Network, and Three Arrows Capital.
Source: https://www.cnbc.com/2022/10/25/crypto-winter-is-hurting-googles-ad-empire.html
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