NEW YORK: 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 world's largest social network, whose shares rose 6.5% in extended trading, has blasted Apple over its requirement that iPhone app developers begin asking users' permission to collect certain data for ads. Facebook says the change would harm its business and hurt small companies that rely on personalized advertising.