Facebook stock plummets 23%, on pace for its biggest one-day drop ever
https://www.cnbc.com/2022/02/03/facebook-shares-plummet-22percent-after-reporting-weak-guidance.html
Facebook is getting hammered by lawmakers, consumers and even investors https://www.cnbc.com/2021/10/06/facebook-getting-hammered-by-lawmakers-consumers-and-even-investors.html
https://www.nytimes.com/2022/02/03/technology/facebook-meta-challenges.html?utm_source=pocket-newtab
Last spring, Apple introduced an “App Tracking Transparency” update to its mobile operating system, essentially giving iPhone owners the choice as to whether they would let apps like Facebook monitor their online activities. Those privacy moves have now hurt Meta’s business and are likely to continue doing so.
Now that Facebook and other apps must explicitly ask people for permission to track their behavior, many users have opted out. That means less user data for Facebook, which makes targeting ads — one of the company’s main ways of making money — more difficult.
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