The One Simple Reason Pinterest Won and Facebook Lost
The advertising apocalypse that was expected to topple Pinterest (NYSE: PINS) the way it hit Facebook parent Meta Platforms (NASDAQ: FB) never happened.
Because of changes Apple made to its privacy policies by changing its iPhone data collection rules, Facebook forecast it will take a $10 billion hit to revenue this year as advertisers are no longer able to automatically track users across apps and websites. Pinterest, on the other hand, saw advertising revenue soar.
Image source: Getty Images.
Source Fool.com
