products to connect with consumers where they are and (ii) making our ads more relevant and effective.
Our business has been impacted by the COVID-19 pandemic, which has resulted in authorities
implementing numerous preventative measures to contain or mitigate the outbreak of the virus, such as
travel bans and restrictions, limitations on business activity, quarantines, and shelter-in-place orders.
These measures have caused, and are continuing to cause, business slowdowns or shutdowns in
affected areas, both regionally and worldwide, which have significantly impacted our business and results
of operations. Beginning in the first quarter of 2020, we experienced significant increases in the size and
engagement of our active user base across a number of regions as a result of the COVID-19 pandemic.
More recently, we have seen user growth and engagement returning to pre-pandemic trends, particularly
in the United States & Canada region. We are unable to predict the impact of the pandemic on user
growth and engagement with any certainty, and we expect these trends to continue to be subject to
The COVID-19 pandemic has also previously caused a reduction in the demand for advertising, as well
as a related decline in the pricing of our ads, particularly in the second quarter of 2020. More recently, we
believe the pandemic has contributed to an acceleration in the shift of commerce from offline to online, as
well as increasing consumer demand for purchasing products as opposed to services, and we
experienced increasing demand for advertising as a result of these trends. However, it is possible that
this increased demand may not continue in future periods and may even recede as the effects of the
pandemic subside, which could adversely affect our advertising revenue growth. The impact of the
pandemic on user growth and engagement, the demand for and pricing of our advertising services, as
well as on our overall results of operations, remains highly uncertain for the foreseeable future. In
addition, we expect that future advertising revenue growth will continue to be adversely affected by
limitations on our ad targeting and measurement tools arising from changes to the regulatory environment
and third-party mobile operating systems and browsers.
We intend to continue to invest in our business based on our company priorities, and we anticipate that
additional investments in our data center capacity, servers, network infrastructure, and office facilities, as
well as scaling our headcount to support our growth, will continue to drive expense growth in 2021. We
expect 2021 capital expenditures to be in the range of $21-23 billion and total expenses to be in the range
of $68-73 billion.
We value our customers and so we ensure that what we do is 100% original..
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The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.Read more
The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.Read more
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