Facebook Rallies After Zuckerberg Downplays Risk of Apple Policy
- CEO says company may be in stronger position after change
- Shares climb in their biggest one-day gain since November
Mark Zuckerberg
Photographer: George Frey/BloombergThis article is for subscribers only.
Facebook Inc. shares rallied on Friday, with the stock extending a recent advance after Chief Executive Officer Mark Zuckerberg downplayed the risk that the social-media company could see as a result of an upcoming change to Apple Inc.’s privacy policies.
“I’m confident that we’re gonna be able to manage through that situation,” he said in an interview on Josh Constine’s PressClub Clubhouse room. “We’ll be in a good position. I think it’s possible that we may even be in a stronger position.”