Snap shares plunge 25% as Apple privacy changes hit ads business

Shares of Snap Inc (SNAP.N)plummeted 25% on Thursday after the owner of photo messaging app Snapchat said privacy changes implemented by Apple Inc (AAPL.O) on iOS devices hurt the company’s ability to target and measure its digital advertising. The Santa Monica, California-based company, which earns the vast majority of its revenue from selling digital advertising […]

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Ericsson says U.S. DOJ advises it breached obligations under DPA

Swedish telecommunications equipment maker Ericsson (ERICb.ST) said Friday it received correspondence from U.S. Department of Justice stating that the company breached its obligations under a Deferred Prosecution Agreement (DPA) by failing to provide certain documents and factual information. In 2019, Ericsson entered into an agreement to pay over $1 billion to resolve probes into corruption, […]

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