|
Title: Snapchat shares rocket 50% as company touts iOS privacy change recovery Post by: HCK on February 05, 2022, 04:05:18 pm Snapchat shares rocket 50% as company touts iOS privacy change recovery
Shares climbed as high as 62% in pre-market... What you need to know Snapchat says that it has overcome Apple's privacy changes in iOS faster than it anticipated. The company's share price fell by 23% following news that Facebook was struggling with the iOS 14 App Tracking Transparency overhaul. Snapchat's more positive outlook has sent shares soaring 50%. Snapchat's share price is up almost 50% and has climbed to as high as 62% in pre-market trading after the company revealed it had overcome Apple's iOS 14 tracking changes quicker than anticipated. As noted by CNBC: Snap reported its first quarterly net profit on Thursday, and beat analyst estimates for the fourth quarter on earnings, revenue, and user growth. The report comes a day after Facebook parent Meta delivered disappointing guidance for the first quarter that dragged down several social media stocks with it. Snap fell 23.6% Thursday prior to its own earnings announcement but popped as much as 62% after hour... Source: Snapchat shares rocket 50% as company touts iOS privacy change recovery (https://www.imore.com/snapchat-shares-rocket-50-company-touts-ios-privacy-change-recovery) |