Facebook released its first-quarter earnings on Wednesday.
James Martin/CNET
Facebook grew its users and revenue in the first quarter, but the social media giant reiterated that a new privacy update Apple released this week could hinder its ads business.
“We continue to expect increased ad targeting headwinds in 2021 from regulatory and platform changes, notably the recently-launched iOS 14.5 update, which we expect to begin having an impact in the second quarter,” Facebook CFO Dave Wehner said in a statement.
Source CNET Tech
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