Google Is Missing Out on the Covid E-Commerce Revolution
- Online shopping wave buoys Facebook and Amazon, not Google
- Google is ramping up e-commerce products on Search and YouTube
A man wearing a mask walks past the Google officers in New York.
Photographer: Alexi Rosenfeld/Getty ImagesThis article is for subscribers only.
The Covid-19 pandemic is fueling an e-commerce boom as shuttered businesses move online -- but Google isn’t benefiting in the way its big tech rivals are.
Google advertising sales fell 8% in the second quarter, causing overall revenue at parent Alphabet Inc. to shrink for the first time. The company’s main digital ad rival Facebook Inc. saw sales jump 11%, while Amazon.com Inc. revenue soared 40%.