Remove Blocks Remove Federal Trade Commission Remove Privacy
article thumbnail

FTC Mulls Antitrust Injunction Against Facebook

PYMNTS

Officials at the Federal Trade Commission (FTC) are considering the possibility of a preliminary injunction against Facebook over antitrust issues related to how the social media giant’s apps interact with each other, according to a report by The Wall Street Journal. Facebook owns Instagram, Messenger and WhatsApp.

FTC 52
article thumbnail

Google Spent $21M On Lobbying In 2018

PYMNTS

The increased in lobbying began in 2011 and 2012 amid challenges from the Federal Trade Commission. Spending by the tech companies is going to lobbying varying issues including competition and privacy. The report noted Amazon and Facebook also set records in terms of spending on lobbying last year. million in 2018.

article thumbnail

Facebook Co-Founder Says FTC Should Break It Up

PYMNTS

In a New York Times op-ed on Thursday (May 9), Hughes said it is time for the government to hold Facebook CEO Zuckerberg accountable, arguing that an impending $5 billion fine by the Federal Trade Commission (FTC) isn’t enough punishment for the company.

FTC 43
article thumbnail

Top Payments News: DoorDash Bolsters Its Treasure Chest; Policymakers Target Big Tech Over Data; Feds Probe Debit Card Practices

PYMNTS

Big Tech is under siege about its failure to respect users’ privacy as the House Judiciary Committee’s antitrust subcommittee expressed frustration over the companies’ many acquisitions. The company, which was founded in 2013, has so far been unprofitable, but it has a valuation of $12.6 Policymakers Press Big Tech On Use Of Personal Data.

article thumbnail

Mobile Advertiser Faces Fines For Illegally Tracking 100 Million Phones

PYMNTS

Federal Trade Commission has announced $950,000 in fines for Singpore-based InMobi. InMobi managed to short circuit users attempts at blocking location information gathering by collecting basic service ID addresses, which are essentially unique serial numbers for wireless access nodes.

FTC 41
article thumbnail

Apple Tracker: Will New iPhone Have The X Factor?

PYMNTS

This is on the heels of other privacy concerns for Uber, including the practice of tracking users’ locations after their rides ended — a practice Uber has since discontinued, but which earned it 20 years of audits from the Federal Trade Commission. Access Denied.

article thumbnail

Big Tech Compliance Tracker: EU Unveils Drafts Of New Big Tech Regs; Facebook To Move UK Users To California Privacy Agreement Amid Brexit

PYMNTS

Facebook to Migrate UK Users to California Privacy Agreement Due to Brexit. users into new agreements with its California headquarters, effectively going around the EU’s stringent privacy regulations as Britain prepares to leave the EU. Facebook Ad Criticizes Apple Over Privacy Changes. Facebook will transition its U.K.

Privacy 57