Zuckerberg Outlines Plan After Apple Privacy Change and Ford CEO Speaks on Chip Shortage
Facebook, Inc., is an American technology conglomerate. Facebook is a popular global social networking service. It is one of the world’s most valuable companies. And It is considered one of the Big Five companies in U.S. information technology, with Google, Apple, Microsoft, and Amazon.
Apple, which makes a huge share of the smartphone market is the way millions of Americans access Facebook. In turn, it is integral to the data collection process Facebook uses. After some new regulations from Apple, specifically, Apple’s new iOS 14.5 will enable users to pick which apps can track their activity on their devices. Facebook CEO Mark Zuckerberg responded in Wednesday’s earnings call by outlining the company’s e-commerce strategy in which users of Facebook and Instagram can make purchases from the app itself.
Facebook’s stock is up more than 6% after hours.
The Ford Motor Company, commonly known as Ford, is an American multinational automaker and is one of the oldest in the world – founded by Henry Ford and incorporated on June 16, 1903.
Yesterday, the CEO of Ford, Jim Farley said that the impact of a global chip shortage will reach a low in the second quarter before production rebounds later this year. Specifically, Farley said: “We do count on a rebound in our production in the second half,” he said in a “Mad Money” interview, adding that 2022 “is going to be an incredible year for us.” Semiconductors are components used in cars therefore their shortage affects manufacturing.
Ford closed 0.48% lower on Wednesday at $12.43 and was down about 3% in after-hours trading.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.