Amazon, Microsoft Could Become Big Players in Online Advertising

$209.5 billion. That’s the total amount of revenue Alphabet  (GOOGL) – Get Alphabet Inc. Class A Report generated in 2021 from Google advertising, up 42.5% year-over-year.

This staggering figure is a reminder of just how strong the digital advertising industry has become in wake of the pandemic and could also point towards an improving economy.

Brands and businesses all over the world are increasingly turning to digital mediums as a means of attracting new customers, which makes a lot of sense considering how many consumers have been staying home or working remotely over the last few years.