Facebook ad costs plummet as virus kills marketing spend

Facebook ad costs plummet as virus kills marketing spend
Dan Brunskill
Advertisers across the industry are seeing revenue disappear as the level-4 alert virus shutdown closes most business and unravels the consumer economy.Bauer Media this week closed its New Zealand magazine publishing business, saying the company didn’t expect advertising levels to ever return to pre-crisis levels.This prompted calls for government to step in to support local media, hamstrung by competition from digital advertising giants like Google and Facebook.But even the online juggernauts have come under advertising pressure.Facebook adsWe...

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RBNZ assistant governor resigns
Economy

RBNZ assistant governor resigns

The announcement comes just weeks after governor Adrian Orr suddenly quit.

John Anthony 17 Apr 2025
Annual inflation lifted 2.5% in the first quarter
Economy

Annual inflation lifted 2.5% in the first quarter

The lift was a tad higher than RBNZ forecasts. 

Staff reporters 17 Apr 2025
Slight inflation lift won't stop rate cuts thanks to trade war
Economy

Slight inflation lift won't stop rate cuts thanks to trade war

Most economists expect annual inflation lifted to 2.4% in 1Q.

Rebecca Howard 17 Apr 2025
TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025