Facebook’s torrid revenue growth was tempered by Apple’s new ad-tracking restrictions in iOS 14.5 — but the social giant still raked in a ton of money and posted profits that topp…
“We made good progress this quarter and our community continues to grow,” Facebook CEO Mark Zuckerberg said in announcing the results. “I’m excited about our roadmap, especially around creators, commerce, and helping to build the metaverse.”
Evidently the results and the guidance weren’t as bad as investors feared: Facebook shares were up 2.7% in after-hours trading Monday.that it anticipated top-line growth to decelerate in the second half of 2021, due to increased headwinds with respect to ad targeting in 2021 from regulatory and platform changes, most notably Apple’s update with iOS 14.5 to require users to opt-in to allow ad tracking., saying it underestimated the effect of the iOS 14.
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