Facebook recently lost 10% of their market cap because Apple put up some simple anti-tracking features. It’s very obvious that Facebook’s business is very sensi

Facebook recently lost 10% of their market cap because Apple put up some simple anti-tracking features. It’s very obvious that Facebook’s business is very sensitive to minor privacy improvements and restrictions on what Facebook can do with data. Presumably Facebook knows a lot more about how much its revenue depends on what it does with user data server-side than anyone else does, and is therefore in a good position to predict how much upcoming regulatory actions could affect its business.