Topline Shares of Twitter rose after the social media company reported solid third-quarter earningswith revenue and user growth meeting analysts expectations showing that Apples iPhone privacy changes had less of an impact on its business than expected. Twitter shares rose almost 4% after solid earnings. Prakash Singh/AFP via Getty Images The Key Facts Twitter reported third quarter revenue of $1.28 Billion an increase of 37% over a year ago. Daily active users increased by 5 million to total 211 M. The company reported a loss in shares of 54 cents. This was higher than expected due to a one-time settlement that was paid out in September to settle a shareholder lawsuit. Shares of Twitter which lost over 1% during trading on Tuesday rose nearly 4% after the earnings release.Many investors had been closely watching to what degree Apples recent iPhone privacy changes would impact Twitters earnings after mixed results from Facebook on Monday and Snap last week. Despite Apples new policy disrupting the ad business of both those companies Twitter said in its earnings release that the impact of the iOS privacy changes were minimal with the companys quarterly ad revenue rising more than 41% from a year ago to $1.14 billion. Going into the fourth quarter the company still only expects a modest impact to overall revenues from Apples recent iOS changes. Key Background: Apples privacy changes for the iPhone iOS 14.5 update were rolled out during the third quarter and introduced a new feature called App Tracking Transparency which reduces the effectiveness and profitability of targeted advertising. Snap which is almost entirely on mobile admitted in its earnings report last Thursday that Apples privacy changes during the third quarter impacted advertising sales more than anticipated: Investors panicked and shares of Snap plunged over 25% immediately following earnings. Facebook which reported earnings on Monday also missed revenue estimates as CEO Mark Zuckerberg warned of continued headwinds from Apples iOS 14 changes with shares falling nearly 4% on Tuesday. Big Number: $14.5 Billion. Thats how much Twitter cofounder and CEO Jack Dorsey is worth according to SME estimates. Additional Reading:((Heres Why Facebook Twitter And Google Shares Are Sinking Even As The Market Sits Near Record Highs (((SME )Snap Shares Plunge Over 25% After New Apple Policy Hurts Quarterly Revenue (SME )Stocks Close At Record Levels After Tesla Hits $1 Trillion Market Value (((SME) The post Twitter Shares Jump After Apples Privacy Changes Have Minimal Impact On Quarterly Earnings appeared first on Social Media Explorer. Original source: https://socialmediaexplorer.com/content-sections/news-and-noise/twitter-shares-jump-after-apples-privacy-changes-have-minimal-impact-on-quarterly-earnings/ The post Twitter Shares Jump After Apples Privacy Changes Have Minimal Impact On Quarterly Earnings appeared first on connect social networks. via Connect Social Networks http://connectsocialnetworks.com/twitter-shares-jump-after-apples-privacy-changes-have-minimal-impact-on-quarterly-earnings/