Investor sues Meta (Facebook) for minimizing Apple Privacy tools’ impact on ad tracking

According to a proposed class-action lawsuit, Facebook-parent Meta Platforms falsely reassured investors that the impacts of Apple’s App Tracking Transparency privacy tools “were manageable,” only to later forecast a $10 billion loss in ad revenue this year because of the changes.Malathi Nayak for Bloomberg:Meta executives failed to inform shareholders during earnings calls last year that the company’s efforts to offset any financial hit weren’t working, the Plumber