$Apple(AAPL)$
1512 ET - Gleamin Inc., a California-based maker of skin-care products, filed for bankruptcy, blaming supply-chain disruptions and changes in iPhone software that hindered the effectiveness of its advertising on social media. The maker of products that include the Vitamin C Clay Mask has roughly $2.2M in liabilities. It filed for chapter 11 Wednesday in the US Bankruptcy Court in Wilmington, Del., becoming at least the second company this year to mention privacy changes affecting Facebook as a reason for trying to reorganize in Delaware. In June, software provider SanityDesk sought protection from creditors, saying its data gathering was reduced after Apple altered its iPhone software to require apps to ask users whether they wanted to be tracked. (becky.yerak@wsj.com ; @beckyyerak)
$(END)$ Dow Jones Newswires
August 18, 2022 15:12 ET (19:12 GMT)
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