Apple Inc. (NASDAQ: AAPL) is preparing to expand its advertising business even as it rolls out new privacy rules for iPhones that could hurt the ad business of rivals such as Facebook Inc. (NASDAQ: FB), the Financial Times reported Wednesday. What Happened: Apple plans to add a second advertising slot in the “suggested” apps section in its App Store search page, according to the report, citing two people familiar with the tech giant's plans.
Apple Prepares To Expand Ad Business Amid Allegations Of Stifling Rivals: Report