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Furthermore, 2021 marked a moment of reckoning regarding Apples privacy changes. With the introduction of iOS 14.5, Apple required apps to ask users for permission to track their activity across other companies apps and websites. This seemingly simple change had profound implications for Facebooks advertising ecosystem. A significant portion of its users opted out of tracking, creating a data gap that made its advertising less effective and, in the eyes of some investors, less valuable. The company was forced to adapt, investing heavily in new measurement techniques and lobbying for exemptions, a process that underscored the fragility of its data-driven dominance. These challenges created a climate of uncertainty that contrasted sharply with the seemingly endless ascent that had characterized the preceding decade.
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