Apple privacy changes wipe $278 billion market value from 4 companies
(iMore iPhone)

`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...