E-Commerce-Related Advertising Revenue = Rising @ Google + Amazon + Facebook Google Amazon Facebook 3x = Engagement Increase $4B +42% Y/Y = >80MM +23% Y/Y = For Top Mobile Product Listing Ad* Ad Revenue SMBs with Pages Source: Google (7/17), Brian Nowak @ Morgan Stanley (Amazon Ad revenue estimate, 5/18), Facebook (4/18). *Google disclosed that the leftmost listing in a mobile product listing ad experiences 3x engagement. 69