'Not just a COVID-19 related problem': Here's why a top Wall Street bank thinks Amazon is a 'structural' threat to Google's key ad business (GOOG)

Business Insider

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· Investment bank Needham has lowered its Google Q2 revenue estimate to down 7% year-over-year, a downgrade from the 5% they previously predicted.
· "Our sources suggest that international ad revs are down more than in the US," they said.
· They also believe Amazon presents a "structural" threat to Google's key money-making...

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