(Bloomberg) -- A collapse in shares of Snap Inc. dragged technology companies exposed to digital advertising lower late on Thursday after the owner of the Snapchat app warned that supply chain problems are causing customers to cut back on ad spending.Most Read from BloombergForget Palm Springs—Santa Fe Is the New Mecca for Modern ArchitectureGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureA $30 Billion Fortune Is Hiding in China’s Silicon ValleyBeef Industry Tries to Erase Its Em
(Bloomberg) -- Snap Inc.’s warning that supply-chain bottlenecks are prompting companies to hold back online advertising spending for the looming holiday season cast a shadow over larger rivals such as Google, Facebook Inc. and Twitter Inc., sending their shares tumbling.Most Read from BloombergForget Palm Springs—Santa Fe Is the New Mecca for Modern ArchitectureGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureA $30 Billion Fortune Is Hiding in China’s Silicon ValleyBeef Industry
WASHINGTON (Reuters) -Internet service providers collect a "staggering" amount of detailed data on consumers, Federal Trade Commission Chair Lina Khan said on Thursday in discussing an agency staff report on information collected by major providers like AT&T and Verizon Wireless. "We intend this report to be the continuation of an ongoing discussion about commercial data practices, and user privacy," said Khan, who noted that the data collected could also crop up as an issue in merger reviews. For the report, the FTC requested information from AT&T, Verizon Wireless, Charter, Comcast's Xfinity, Alphabet Inc.'s Google Fiber and T-Mobile as well as advertising firms associated with AT&T and Verizon.