Facebook Chief Financial Officer David Wehner on Thursday said upcoming changes to Apple's iOS 14 could hurt the social network's ability to target ads to users.
Apple Chief Financial Officer Luca Maestri didn't expand on the topic, but Apple sometimes announces new iPhones in September and then sells them later.
The company declined to issue guidance for the second quarter in a row, but said on a call with analysts that it expects iPhone supply in the fall to be delayed for a few weeks.
Facebook said its third quarter ad revneue will be impacted by ad boycotts. But with a year-over-year ad revenue growth rate in the first three weeks of July in-line with the second quarter, the boycott doesn't seem to hurt much.
As of Thursday's close, Apple, Amazon, Alphabet and Facebook were collectively worth $4.9 trillion. The companies will likely surpass $5.1 trillion as of Friday's open, taking into account Thursday's after-hours gains.
The Pixel 4a will compete directly with Apple's new iPhone SE, which offers the same powerful processor as the more expensive iPhone 11 and bonus features such as wireless charging and water resistance. The 2020 iPhone SE starts at $399.
There was broad agreement among the 15 members of the U.S. House of Representatives antitrust subcommittee that big technology has too much power. Still, that doesn't mean Congress knows what to do about it.
The House Judiciary Committee's antitrust hearing with the CEOs of four of the largest U.S. technology companies – Amazon, Apple, Facebook, and Google – focused on the wrong things, writes Clete Willems.
The House antitrust subcommittee did a lot of the good and dirty work over the last year, gathering over 1 million documents from Apple, Amazon, Facebook and Google in its antitrust probe against the companies.
Alphabet unit Google this month offered not to use Fitbit's health data to help it target ads in an attempt to address EU antitrust concerns. The opening of a full-scale investigation suggests that this is not sufficient.
Humana announced Wednesday that it's partnering with telehealth start-up Heal, which includes a $100 million investment that allows the two companies to deliver primary-care services to Humana members in the comfort of their own home.
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