Meta Platforms posted a mixed set of first quarter earning Wednesday, including the slowest revenue growth in ten years, but saw a rebound in daily active users that offset a near $3 billion loss in its metaverse division and a softer-than-expected near-term forecast.
Meta Platforms posted weaker-than-expected fourth quarter earnings Wednesday, with the Facebook parent forecasting that spending will close in on $100 billion this year while noting slower user growth rates and a pullback on advertising budgets.
France’s antitrust authorities will be looking into Apple s (
AAPL) - Get Report App Tracking Transparency feature on its upcoming iOS 14 software update.
The effort follows complaints from French advertisers that the way the feature is designed will prevent them from being able to generate revenue from user data, media reports say.
The iOS 14 update is set to include an opt-in permission, which will allow users to turn off tracking features.
Advertisers randomly collect data from users to generate personalized ads and track how well their ads are performing.
With this feature turned off, advertisers will not be able to access the random advertising identifiers they require to optimally generate ads. This, they fear, will lead to massive losses in revenue, media reports say.