Facebook predicts ‘uncertainty’ in 2021, blames upcoming iOS 14 update

In a statement, Facebook CFO Dave Wehner said the company’s advertising business could start to take a hit “beginning late in the first quarter.”

“We continue to face significant uncertainty as we manage through a number of cross currents in 2021,” Wehner said. “We also expect to face more significant ad targeting headwinds in 2021. This includes the impact of platform changes, notably iOS 14, as well as the evolving regulatory landscape.”

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