Major tech companies earnings take a nose dive.

0 comment 163 views

Spotify, Amazon, Meta and Snap are some of the tech companies in America that have taken a massive hit in both earnings and stock price. This is partially the changes that Apple made in it’s ad policy, Apple now expect a percentage of the profit when an advert is shown on it’s devices.

This big change has affected major Tech companies who rely heavily on ads for thier revenue, Meta’s Facebook which has more than 80 percent of it’s revenue from advert is affected by this. Other tech companies are also trying to work around Apple’s ad policy.

Google was hit but was affected a little because they also own thier own Operating system known as Android. There will be a lot of changes to the way these tech companies will do business in the future.

Leave a Comment

Naija Gist and Gossips is Nigeria’s No. 1 Online Newspaper. We bring Breaking News to your finger tips.
 
We  feeds you with the latest and hottest in News, Events, Entertainment, Lifestyle, Fashion n Style, Gist n Gossip…..Sports***Lolz

Popular Posts

Latest Articles

Copyright © 2022 Naija Gist n Gossip. All Rights Reserved. Powered by: Solution Media | Designed By Nascreatives