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Facebook, Biogen, Toast: Investments in the Spotlight

Bloomberg Wealth reviews assets that made a splash this week.

Facebook Turns Part Of Headquarters Campus Into A Vaccine Site
Photographer: Nina Riggio/Bloomberg

Facebook Inc. took a tumble on Wednesday after warning again that recent changes made by Apple Inc. will put a dent in ad sales in the third quarter. Shares fell 4% on the news.

Sales at the social media company had climbed 56% in the second quarter, as people spent more time online during the pandemic. But the company warned that Apple’s new restrictions on data collection on iPhones, which require customers to explicitly allow app makers to track their activity, could curb growth by hampering its ability to sell targeted advertising.