Apple privacy changes wipe $278 billion market value from 4 companies"Since Apple's privacy update went into effect in late April 2021, these four social media companies have erased a combined $278 billion in market value."
What you need to know
A new report says Apple's privacy changes have wiped some $278 billion from the market value of four social media companies.
Meta, Snap, Twitter, and Pinterest have all seen their values plummet over the last year.
Meta's share price has fallen 24% in the last 24 hours.
A new report has revealed that four social media companies have lost some $278 billion in market value since Apple announced changes to privacy on iPhone last year.
From Markets Insider on the impact of Apple's tracking privacy changes in iOS 14:
The earnings results from social media companies on Wednesday highlighted the weakness to investors, resulting in a steep sell-off in their stocks. In Thursday trades, Meta Platforms fell 22%, Snap fell 18%, Twitter fell 8%, and Pinterest fell 11%.
Since Apple's privacy update went int...
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Apple privacy changes wipe $278 billion market value from 4 companies
