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ABC News Turn on desktop notifications for breaking stories about interest? OffOn Facebook reports soaring quarterly ad revenue, stock jumps Facebook’s stock is in record territory after the social media giant reported stronger-than-expected results for the first quarter thanks to soaring ad revenue By BARBARA ORTUTAY AP Technology Writer April 28, 2021, 11:26 PM • 3 min read The Associated Press FILE - In this May 16, 2012, file photo, the Facebook logo is displayed on an iPad in Philadelphia. Facebook’s stock is up after the social media giant reported stronger-than-expected...

Posted by Rajesh Pandey on Apr 29, 2021 in Facebook, News Facebook has been very critical of Apple’s App Tracking Transparency feature that went live with the iOS 14.5 feature. The company claimed earlier that the privacy feature would be devastating for small businesses. However, the company believes that App Tracking Transparency will have a “manageable” impact on its ads business. During its Q1 2021 earnings call, Facebook’s CFO Dave Wehner said that the company expects “increased ad targeting headwinds in 2021 from regulatory and platform changes, notably the recently-launched i...

10 Thursday AM Reads My morning • There Is Growing Segregation In Millennial Wealth Baby boomers and Gen Xers have faced their fair share of calamities — stagflation, the double-dip recession of the 1980s, disco — but millennials have had it really rough. Millennials who got college degrees exited school deep in debt and entered a job market ravaged by the Great Recession. Millennials who didn’t get college degrees found it harder to get a well-paying, blue-collar job, after trade and automation closed avenues that past generations had used to get to the middle...

iTWire Author's Opinion The views in this column are those of the author and do not necessarily reflect the views of iTWire. Have your say and comment below. Wednesday, 28 April 2021 11:14 Apple's new privacy changes: good for users or the company? Shares Somewhat buried beneath all the fanfare about the updates to Apple's iOS and iPadOS operating systems on Tuesday was the main dish of the day: the privacy changes that Facebook and some advertisers have been railing about, but which now have to be dealt with. Under these changes, which Apple announced at the beginning...

What you need to know Only 2% of people say they intend to let ad companies track them from app to app. More than 71% say they will block ATT requests. Apple released iOS 14.5 earlier this week and with it, we saw the arrival of a feature that's been in the headlines for months. App Tracking Transparency (ATT) will allow users to choose whether apps, developers, and ad companies can track them from one app to another. Facebook has been particularly vocal about the impact it could have – and an iMore poll suggests that it was right to be worried about its business model.