Company Of The Day: Facebook
What?
Facebook(NASDAQ:FB) issued an update on its blog indicating that Apple’s ad changes in the iOS 14 operating system – which require developers to ask permission from iPhone users before tracking them across apps and websites – were continuing to impact Facebook’s ad business. Apple’s changes make it harder for marketers to track the effectiveness of ads on Facebook’s platform.
So What?
- Up 7% This Year, Will Halliburton’s Gains Continue Following Q1 Results?
- Here’s What To Anticipate From UPS’ Q1
- Should You Pick Abbott Stock At $105 After An Upbeat Q1?
- Gap Stock Almost Flat This Year, What’s Next?
- With Smartphone Market Recovering, What To Expect From Qualcomm’s Q2 Results?
- Will United Airlines Stock Continue To See Higher Levels After A 20% Rise Post Upbeat Q1?
A mid-quarter update is usually rare for Facebook and this could indicate that the headwinds are meaningful. Facebook stock declined by about 4% in Wednesday’s trading.
See Our Complete Analysis For Facebook