Risk Factors Update Summary
- Revenues from online advertising decreased from 80% to 75% in 2023.
- Potential increase in operating margin pressure due to lower-margin products and services.
- Increased investment in AI across the company, expanding generative AI capabilities.
- Increased investment in hardware devices, including smartphones and home devices.
- Expansion of AI technology may lead to increased costs and risks in product development.
- Shift from "useful" to "helpful" products and services to users, advertisers, and publishers.
- Increased investment in building AI capabilities into new and existing products and services.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1652044&owner=exclude
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