Faebook CEO Mark Zuckerberg. (credit: Facebook)
For months, Apple and Facebook waged a PR war (with threats of a legal one) over App Tracking Transparency, a change in recent versions of the iPhone's iOS software that will often limit how advertising-focused apps and companies can monetize iPhone users.
Facebook's original public predictions about App Tracking Transparency's effect were apocalyptic. But even though App Tracking Transparency took effect during Facebook's most recent quarter (Q2 of 2021), the company still posted huge ad revenue growth.
Facebook's revenue, which is largely driven by the kinds of advertising that Apple's iOS change undermines, grew 56 percent year-over-year in Q2, beating investor expectations. The company had 1.9 billion daily active users and 2.9 billion monthly active users. It earned $10.12 of revenue per user, on average.
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