News Formal

Here’s Why Facebook, Twitter And Google Shares Are Sinking Even As The Market Sits Near Record Highs

  • 📰 Forbes
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 53%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Here’s why Facebook, Twitter and Google shares are sinking even as the market sits near record highs: by skleb1234

Shares of major social media companies plunged on Friday, a day after Snap reported earnings that showed advertising revenue took a hit after Apple’s iPhone privacy changes, a trend that also looks set to impact the earnings of competitors like Facebook, Twitter and Google parent Alphabet....

Apple’s privacy changes for the iOS 14.5 update of the iPhone operating system were rolled out in June and July, implementing a new feature called App Tracking Transparency that reduces the effectiveness and profitability of targeted advertising.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chipotle earnings crush estimates as sales jump 22%, higher menu prices offset rising costsShares of Chipotle have risen 33% this year, giving it a market value of $51.79 billion.
Source: CNBC - 🏆 12. / 72 Read more »