![]() ![]() Shuttle service bus at Bengaluru airport hits pole, 10 injured.Naseeruddin Shah on courting Ratna Pathak Shah for 7 years: ‘Her parents were against it because I was a drug addict, ill-tempered, and had been married before’.After escaping the Taliban, hundreds of Afghans languish in Albania in a prolonged US visa process.In October, regulators in the UK ordered Meta to reverse its purchase of animated image maker Giphy that it had bought in 2020, according to data compiled by the Economist. The US Federal Trade Commission is suing the company for alleged abuse of its “monopoly” in social networking, and the Commission is already scrutinising Meta’s proposed acquisition of Within, a maker of virtual reality fitness applications. Meta has said that Apple’s changes could cost it $10 billion in revenue losses in 2022, and could have implications for the coming years as well.Īlso, the DPC ruling follows other regulatory action that Meta is facing. This forced change for Meta comes on top of the blow to its digital advertising business that was delivered by Apple last year, which made it tougher for iPhone apps to track the online activity of users. Meta said in a statement after the January 4 ruling that it planned to appeal, and that the decision “does not amount to a ban on personalized advertising” and businesses can continue using Meta’s platforms to target users with ads. Essentially, it could mean Meta would have to get an “opt-in consent”, much like other advertisers operating in the EU have to do currently. It is possible that this ruling could force Meta to explicitly ask users in the EU if they want their data to be used for personalised ads or not. And Meta, which changed its name from Facebook in 2021, has seen its share price tumble by nearly 60 per cent since the rebranding. The company’s much-hyped Metaverse push is struggling, and the performance numbers reflect signs that both users and advertisers are moving away from the platforms (with perhaps the exception of Instagram Reels and messaging platform WhatsApp). * Two, this fine comes at a time when Meta’s forecasts for profits in 2023 have fallen nearly 50 per cent, according to data from Bloomberg. So, in a way, the outcome of the case buttresses the overarching theme of the EU’s landmark legislation: the right of the individual over her data and the need for a person to give explicit consent before their data can be processed. * One, this case is particularly significant given that the Irish DPC began investigating Facebook on the day the GDPR came into effect. Why did the ruling come from the Irish regulator?Īs per the GDPR, cross-border cases are to be handled by the data-protection authority in the country where the company is based, with the result that the Irish DPC is the lead regulatory authority for Meta and a number of other US tech majors that have their headquarters in Ireland. and U.K., among others, as well as several federal investigations by the DOJ, FBI and other agencies about its role in the data collection and its obligation in protecting user information.Also Explained | Meta, Amazon lay off thousands in US as recession worries mount: Here’s who has cut jobs The app, however, allegedly harvested information well beyond the scope of user agreements, going so far as to collect data on their personal contacts and friends without permission.įacebook is now facing questions from lawmakers in the U.S. Those users were reportedly told that their data would be used for academic purposes. Roughly 270,000 Facebook users agreed to allow access to their data after downloading the app and completing a survey. Īccording to media reports, Cambridge Analytica worked alongside a Russian-American psychology professor, harvesting user information through a web application: thisisyourdigitallife. In addition, the company allegedly pitched its services to Mastercard, the New York Yankees and other potential clients, according to joint reports by The New York Times and London newspaper The Observer. Cambridge Analytica, the U.K.-based political data firm behind the potentially illegal initiative, was hired by President Trump’s 2016 election campaign for information it could provide on American voters. ![]() The data, which detailed users’ identities and those of their friends, was used to profile users’ personality traits based on what they liked on Facebook in order to push targeted digital ad campaigns. *Yellow highlight added for emphasis Personal user data harvested without permission ![]()
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