Nearly every tech company with some sort of social platform is rushing to get their own AI chatbot in place. Snap users are expressing concern about how it interacts with children, the level of access it has to personal information, and overbearing chat interactions.
Facebook is anticipating a loss of $10 billion to the Apple privacy changes in 2022, while Snapchat is in the midst of an overperforming Q1 that has seen the company's shares rally to increase 50% in value.
The major social media platforms have all been impacted by the "adpocalypse" from Apple's recent privacy updates. Snap has lost a full quarter of its value due to cuts to advertising revenue tied directly to a loss of access to most Apple device users.