Facebook revenue misses estimates as Apple’s privacy rules bite

Facebook on Monday warned that Apple’s new Apple Tracking Transparency privacy rules would weigh on its digital business in the current quarter, after the social media company reported quarterly revenue below market expectations.Reuters:The company expects fourth-quarter revenue to be in a range of $31.5 billion to $34 billion. Analysts had forecast $34.84 billion in revenue, or a 24.1% jump, according to IBES data from Refinitiv.
Its third-quarter revenue too faced the brunt of Apple&rsqu