There can be "no more denying" the ramifications of Apple's privacy push, Ygal Arounian, managing director of internet equity research at Wedbush Securities, said in a research note after Snap's results.Google, is most likely to be hit compared with the company's tech peers, Evercore ISI analysts said in a research note.
Analysts are targeting $29.5 billion in revenue for the third quarter, a 37% increase from the year-ago period, according to IBES data from Refinitiv. Shares of Facebook have risen 19% year-to-date. On the other hand, Twitter, which reports third-quarter results on Tuesday, is likely to be spared because the social networking site is mainly used for brand advertising, said Audrey Schomer, a senior analyst at research firm eMarketer.
Oh good. So instead of getting a ad every third person's story it will be every other now to earn the money back.
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