- The digital asset market downturn that started the current crypto winter is negatively affecting search spending, Google has acknowledged.
- In a report quoting the executive, CNBC noted that the with an overall ad growth of 6%, the three-month period was Google’s weakest among all quarters since 2013.
- Earlier in October, Google unveiled it will rely on Coinbase to allow customers to pay for its cloud services with cryptocurrencies in 2023, an indication of the tech giant’s hopes that the crypto winter will be short.
Google Admits Crypto Winter Is Hurting Ad Business
