Oatly shares surge in U S market debut, valuing oatmilk maker at $13 billion marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
Facebook benefits from pandemic ad spending but Apple could spoil its party netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
Facebook smashes revenue estimates but warns Apple change could hobble growth
By Sheila Dang, Elizabeth Culliford and Noor Zainab Hussain
Reuters
(Reuters) - Facebook Inc beat Wall Street expectations for both quarterly revenue and profit on Wednesday but warned that growth later this year could significantly decline as new Apple Inc privacy policies will make it more difficult to target ads.
The company s shares were up 5% in extended trading.
The world s largest social network has blasted Apple over its requirement that iPhone app developers begin asking users permission to collect certain data for ads, saying the change would harm its business and hurt small companies that rely on personalized advertising.
Morgan Stanley reveals $911 million Archegos loss as profit jumps marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.