The advertising businesses of the two giants reach a "watershed"! AI makes Meta (META.US) but becomes Google's (GOOGL.US) search "tightening curse"
Zhitong Finance APP has learned that over the past 20 years, Google (GOOGL.US) and Meta's (META.US) Facebook have dominated the internet, converting the attention of billions of people into trillions of dollars in advertising revenue. The boom in the online advertising business and the resulting rich profit margins have propelled these two companies into industry leadership positions and pushed their market capitalization into the trillion-dollar league.
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