$315 Billion In Market value Evaporates After Apple's New iOS Privacy Policy

Four giant companies suffered a loss of $315 billion after Apple updated its iOS, in 2021. As per reports, users had to opt-in instead of opt-out allowing users to ad-track by social media apps like Facebook and Twitter. This change is estimated to cost Meta Platforms an estimated $10 billion in revenue, in 2022, informed CFO David Wehner. "We believe management's tone around iOS impact has deteriorated,'' stated JP Morgan.