Did Apple Just Kill Social Apps?

As Apple's changes make it harder for new social apps to succeed, this could bolster the market position of existing social media companies, particularly Facebook and Instagram. Investors might increasingly view these stocks as safer bets with potential for stable growth due to reduced competition.

The restrictions on contact sharing may lead to slower growth for emerging app developers, impacting their stock performance if publicly traded. This could result in negative sentiment towards tech startups in this space, potentially leading to declines in their stock values.

As the shift in contact-sharing permissions becomes evident, companies like Apple may face scrutiny and regulatory challenges, which could affect their stock performance if concerns rise over user privacy and competitive practices. However, since Apple is a strong player in the tech sector, the overall impact might be moderate.