Looming Apple privacy changes weigh on Snap despite revenue growth
3 Min Read (Reuters) - Snap Inc, owner of popular photo-messaging app Snapchat, on Thursday warned that upcoming privacy changes by Apple Inc could hurt Snap’s ad business although user growth and revenue beat analysts’ fourth-quarter estimates. FILE PHOTO: A portrait of the Snapchat logo in Ventura, California December 21, 2013. REUTERS/Eric Thayer Snap stock fell 7% to $54.02 after the bell. Apple’s planned changes, to ask iPhone users for consent to track their data for personalized ad...
Source: reuters.com