Google plans privacy change similar to Apple's, which wiped $230 billion off Facebook's market cap
![Google plans privacy change similar to Apple's, which wiped $230 billion off Facebook's market cap](https://ussnsimg.moomoo.com/1645085335390-70042948-android-org.png/bigmoo)
$Alphabet-A (GOOGL.US)$ $Alphabet-C (GOOG.US)$ on Wednesday announced it's adopting new privacy restrictions that will cut tracking across apps on its Android devices.
The Alphabet-owned company said it is developing new privacy-focused replacements for its advertising ID, a unique string of characters that identifies the user's device.
The changes could affect big companies that have relied on tracking users across apps, like $Meta Platforms (FB.US)$ parent Meta. Apple’s adjustments hit Meta particularly hard, for example. Meta said earlier this month Apple’s privacy changes will decrease the social media company’s sales this year by about $10 billion. That news contributed to wiping $232 billion from the company’s market cap in a single day, eventually pushing the total below $600 billion. Last June, Meta was worth more than $1 trillion.
But while Meta fought against Apple’s changes, it voiced support for the way Google plans to implement its privacy tweaks.
It follows a similar move made by $Apple (AAPL.US)$ last year that seemingly upended advertising practices.
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89293931 :![](https://emoticon.futunn.com/rich_big_face2/73.png)
WinningTrader : GG.
Who is still holding on to their shorts??
Sianzsation : What can we interpret from this? Good bye meta![question ❓](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/2753.png)
Howardy : I'd say it's very probable it will hit $200+ by end of this year. $250 would be amazing. Not impossible, but also not likely