Facebook Plan for WhatsApp Will Be "Carefully Reviewed" by FTC
When Facebook swallowed WhatsApp in 2014, CEO Mark Zuckerberg promised no one would mess with the popular messaging service's strict privacy protections.But that was then.Last month, the two companies had a change of heart as Facebook fb said it would slurp up user data, including phone numbers, that has till now been walled off in WhatsApp.
Facebook Grilled by EU's Vestager Over WhatsApp Merger U-Turn
Fresh from battles with Apple Inc. and Google, EU Competition Commissioner Margrethe Vestager is grilling Facebook Inc. about a U-turn over its use of WhatsApp customer data just two years after EU watchdogs cleared the $19 billion takeover with no strings attached.Vestager said officials were now "asking some follow-up questions" about privacy-policy changes announced last month that will allow advertising on the Facebook social network and Instagram photo-sharing site draw on data from WhatsApp.The EU cleared Facebook's WhatsApp acquisition in October 2014.
WhatsApp founder Jan Koum sells another $203 million in Facebook stock
WhatsApp cofounder Jan Koum, whose company was acquired by Facebook in 2014, just sold another $203 million (£153 million) of Facebook stock, according to a document filed with the Securities and Exchange Commission (SEC) on Thursday.Koum has been unloading Facebook stock at a steady clip under a prescheduled trading plan, with new sales several times a month, since February 2016.Last month, Business Insider asked Equilar, a company that specialises in analysing executive compensation and corporate data, to help us examine all the SEC filings related to Koum's sales for 2016.
WhatsApp and Facebook could be in BIG trouble over phone number sharing scandal
GETTY WhatsApp previously said that it would protect user dataFacebook could be hit with a major legal probe following claims it has been taking WhatsApp users' details without their permission.Users have complained their phone numbers have been hoovered up by Facebook to create more targeted ads.Following an outcry in the UK and US against the decision to share data between the world's most popular instant messenger and the world's largest social network, one group has taken action.
Comments
Post a Comment