Friday, 24 March, 2023

Snap Inc shares soar by 50%, recovering from Apple's privacy changes

<p>Snap said its advertising business recovered faster than expected from the effects of Apple Inc&#39;s privacy changes. The company&#39;s stock soared 50% after it provided a first-quarter outlook that exceeded analyst expectations. The results were good news for a tech sector that has been battered by bleak forecasts and fears that Apple&#39;s privacy updates. The privacy updates allowed users to prevent apps from tracking their online activity for advertising purposes.</p>