Will ads for local businesses be saturated in the long run? Since they’re only a small amount of audience for local businesses. You may be right, but local business ads will never die because there will always be a need and a niche, and people will always be looking for their local plumber, dentist, chiropractor, car rental, restaurant, and all these people. So local ads will continue to run, but they will evolve, just like the Internet does, just like Google Ads does, so it will evolve.
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