Apple Shares Drop 5% Amid Regulatory Scrutiny and AI Delays
Apple's stock suffered its worst decline since April, falling 5% on Thursday as regulatory pressures and operational setbacks rattled investors. The Federal Trade Commission issued a warning letter to CEO Tim Cook, alleging potential violations in the Apple News app's terms of service and accusing it of ideological bias in news curation.
Separately, Bloomberg reported delays in the rollout of key AI features, compounding investor concerns. The dual developments underscore growing scrutiny of Big Tech's governance and execution capabilities amid heightened regulatory oversight.