Snapchat blames Apple’s privacy changes for missing revenue expectations

Snap witnesses stock tumbling 22 per cent after missing revenue expectations for its third-quarter (Q3) earnings. The daily active users on Snapchat increased 23 per cent (year-over-year) to 306 million. The shares fell as Apple’s iPhone privacy changes disrupted Snap’s advertising business. In an earnings call late on Thursday, Snap CEO Evan Spiegel said that […]