Follow RT on Facebook’s CFO is concerned that as more people get vaccinated against the novel coronavirus, they’ll be less likely to click on Facebook ads and more likely to seek out travel and non-sedentary pursuits.
CFO David Wehner suggested on Tuesday that users’ cash will end up in the pockets of
“services like travel,” as more people get vaccinated for Covid-19 and fewer have any reason to stay home ordering goods they’ve seen advertised on Facebook.
Speaking at the Morgan Stanley Technology, Media and Telecom Conference, Wehner declared that while it was a bit early to prognosticate for 2021 given the
By: CBS News
The beaten down travel industry is showing signs of life as coronavirus vaccines allow homebound Americans to start thinking of hopping a flight.
Melissa Biggs Bradley, founder of Indagare, a membership-based travel company that operates its own tours around the world and that had seen 14 straight years of growth before the pandemic, said new bookings fell to zero as COVID-19 took hold. By June 2020, sales had plunged nearly 100% compared to the year-earlier period.
In recent weeks, however, business has started to pick up. I had three phone calls today with people who said, I haven t travelled in a year, I got both of my vaccinations, where am I going? Bradley told CBS MoneyWatch.