Snap shares drop 25% as revenue falls short, Apple privacy bites ads business

Snap shares drop 25% as revenue falls short, Apple privacy bites ads business

3 years ago
Anonymous $BH0TGXkyPe

https://www.reuters.com/article/snap-results/snap-shares-drop-25-as-revenue-falls-short-apple-privacy-bites-ads-business-idUSKBN2HB2JV

(Reuters) -Snap Inc on Thursday fell short of Wall Street estimates for quarterly revenue as the owner of photo messaging app Snapchat said privacy changes implemented by Apple Inc on iOS devices hurt the company's ability to target and measure its digital advertising.

Snap shares drop 25% as revenue falls short, Apple privacy bites ads business

Oct 21, 2021, 9:25pm UTC
https://www.reuters.com/article/snap-results/snap-shares-drop-25-as-revenue-falls-short-apple-privacy-bites-ads-business-idUSKBN2HB2JV >(Reuters) -Snap Inc on Thursday fell short of Wall Street estimates for quarterly revenue as the owner of photo messaging app Snapchat said privacy changes implemented by Apple Inc on iOS devices hurt the company's ability to target and measure its digital advertising.