Google plans privacy change similar to Apple’s, which wiped $230 billion off Facebook’s market cap via /r/wallstreetbets


Google plans privacy change similar to Apple’s, which wiped $230 billion off Facebook’s market cap

https://www.cnbc.com/2022/02/16/google-plans-android-privacy-change-similar-to-apples.html

How long will something like this reflect on earnings? Gotta get in on FB puts

Also, what’s with Google shitting on Apple, then hinting they will do the same thing?

Google criticized Apple’s approach in its blog post without naming the company.

″​​We realize that other platforms have taken a different approach to ads privacy, bluntly restricting existing technologies used by developers and advertisers,” Google Android vice president of product management, security and privacy, Anthony Chavez, wrote in the blog post. “We believe that — without first providing a privacy-preserving alternative path — such approaches can be ineffective and lead to worse outcomes for user privacy and developer businesses.”

I have a feeling Google’s “update” wont be as effective in wiping out ad revenue as Apple’s move was. Google’s Ad business is way too huge of a money maker for them to mess with it. Thoughts?

Submitted February 17, 2022 at 10:52AM by az_is
via reddit