Closing Image: Feb. 16, 2022

Bar chart showing annual advertising revenue for select US tech companies in 2021, with Alphabet in first, followed by Facebook, Amazon, and others

In a recent earnings report, Amazon broke out its advertising revenue explicitly for the first time, showing earnings over $30 billion, bigger than YouTube or the global newspaper industry. And its future looks bright, given that Apple’s privacy changes are hurting Facebook’s ad business. Learn more at Axios.