Social media

A bad year may get worse for Snapchat and Facebook owners

By Subrat Patnaik
A change to Apple Inc’s operating system making it difficult for apps to track user activity on iPhone and iPads means the likes of Snap and Meta will continue to lag, he wrote in a note. — AFP

A bad year for digital advertisers may not be done yet.

The likes of Snap Inc, Pinterest Inc and Meta Platforms Inc have seen both estimates and their stock prices slide this year amid mounting competition and falling corporate ad budgets.

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