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?
- Rising 21% This Year, What Lies Ahead For Exxon Stock Following Q1 Earnings?
- Should You Pick General Electric Stock At $165?
- What’s Next For JetBlue Stock After A Sharp 19% Fall Post Q1 Results?
- Is Kimberly-Clark Stock Fairly Valued At $135 After A Solid Q1?
- How Will AMD’s AI Business Fare In Q1?
- Up 9% Year To Date, Will Chevron’s Gains Continue Following Q1 Results?
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