Facebook posts $9.2B quarterly profit, continues to warn of iOS privacy headwinds

By news@appleinsider.com (AppleInsider Staff) Facebook on Monday reported hefty third quarter profits despite dire warnings that the bottom of its advertising business would fall out due to newly implemented iOS privacy features.Arriving amid a tumult of bad news, Facebook’s earnings report showed the company raked in $29 billion in revenue during the third quarter of 2021, up 33% on a year-over-year basis. Profits were up 17% to $9.2 billion, roughly in line with Wall Street estimates.The social network has been warning investors about fallout from Apple’s App Tracking Transparency for …

Source:: Apple Insider

      

Apple likely to face US Justice Department antitrust lawsuit

By news@appleinsider.com (Mike Peterson) Apple is likely to face a Justice Department antitrust lawsuit soon, with a new report indicating that the department’s two-year-old investigation of the company has recently accelerated.Credit: Laurenz Heymann/UnsplashThe Department of Justice reportedly ramped up its Apple probe over the summer of 2021, with DOJ lawyers questioning Apple, as well as its customers and competitors, The Information …

Source:: Apple Insider