Snap's stock drops as iPhone privacy controls pinch ad sales
https://apnews.com/9f5100ce9fd86c14425c112127ae1391
SANTA MONICA, Calif. (AP) — Snapchat's corporate parent disclosed Thursday that its ad sales are being hurt by a privacy crackdown that rolled out on Apple's iPhones earlier this year, raising investor fears that the app's financial growth is going into a tailspin.
The revelation in Snap Inc.'s third-quarter earnings report sparked a sell-off in after-hours trading that could foreshadow one of the biggest one-day drops in the company's stock since it went public in 2017.
Snap's stock drops as iPhone privacy controls pinch ad sales
Oct 22, 2021, 12:18am UTC
https://apnews.com/9f5100ce9fd86c14425c112127ae1391
> SANTA MONICA, Calif. (AP) — Snapchat's corporate parent disclosed Thursday that its ad sales are being hurt by a privacy crackdown that rolled out on Apple's iPhones earlier this year, raising investor fears that the app's financial growth is going into a tailspin.
> The revelation in Snap Inc.'s third-quarter earnings report sparked a sell-off in after-hours trading that could foreshadow one of the biggest one-day drops in the company's stock since it went public in 2017.