FTC orders social media companies to provide details on personal data, advertising

Federal regulators are ordering Facebook, Twitter, Amazon, TikTok’s parent and five other social media companies to provide detailed information on how they collect and use consumers’ personal data and how their practices affect children and teens.

The Federal Trade Commission’s action announced Monday goes to the heart of the tech industry’s lucrative business model: harvesting data from platform users and making it available to advertisers so they can pinpoint specific consumers to target.

The agency plans to use the information, due in 45 days, for a comprehensive study.

The other five companies are Reddit, Snap, Discord, WhatsApp, which is owned by Facebook, and Google’s YouTube.

Regulators and lawmakers are increasingly weaving into their investigations of market dominance by Big Tech companies concerns over data power and privacy.

The FTC wants to know how social media and video streaming services collect, use and track consumers’ personal and demographic information, how they

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FTC Demands Social-Media, Operations Data From Big Tech Companies

WASHINGTON—The Federal Trade Commission on Monday ordered nine prominent social-media and internet companies to provide a litany of data about their operations as part of a wide-ranging study into their business practices.

The orders demand the companies turn over detailed, private business information about how they track Americans’ online activities and how they use that data.

Companies receiving letters included Inc.,

AMZN 1.30%

Facebook Inc.

FB 0.23%

and its subsidiary WhatsApp Inc., Reddit Inc.,

Snap Inc.,

SNAP -3.24%

Twitter Inc.,

TWTR 1.13%

Alphabet Inc.’s

GOOG -1.22%

YouTube LLC, Discord Inc. and TikTok owner ByteDance Ltd., which is based in Beijing.

The announcement isn’t a law-enforcement action and doesn’t carry any immediate penalties, though the information gathered could form the basis for future action by the FTC. The agency has broad legal authority to seek information from U.S. companies and is also empowered to police unfair and deceptive business practices.

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Without In-Person Interactions, Companies Find Virtual Ways to Integrate After M&A

Integrating two businesses after a merger or an acquisition is becoming even more of a challenge as the pandemic continues to disrupt how businesses operate. The missing piece: personal interaction.

Nine months into the pandemic, as business travel remains restricted and many employees continue to work from home, chances for executives and key employees to meet face-to-face are limited. Even as deals are being struck at a hectic pace, executives say they are striving to figure out how to integrate companies and teams without face-to-face contact.

“Building relationships and culture is very difficult over the computer or the phone,” said Brian Salsberg, head of the integration practice at Ernst & Young LLP, the professional services firm.

Park Place Technologies LLC, a Cleveland-based provider of data-center services, in November purchased Curvature

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Campbell Soup, Pfizer, Mastercard, and Other Companies That Raised Their Dividends This Week

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Justin Sullivan/Getty Images

In a busy week for dividend announcements, Abbott,

Campbell Soup,


Bristol Myers Squibb, and Broadcomm were among the large U.S. companies that said they plan to boost their payouts.


Laboratories (ticker: ABT), whose portfolio includes medical devices and nutritional products, declared a quarterly dividend of 45 cents a share, up 25% from 36 cents. The stock, which yields 1.4%, has returned about 23% this year, dividends included.

This marks the 49th straight year in which the company has raised its dividend. Abbott is a member of the

S&P 500

Dividend Aristocrats, all of which have paid out a higher dividend for at least 25 straight years.

Another member of the Aristocrats,


(PNR), plans to raise its quarterly dividend to 20 cents a share from 19 cents. That’s a 5% boost.

The company’s various products include pumps and water supply products.

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Agricultural Equipment Manufacturers Market 2020 Observational Studies by Top Companies & Forecast by 2028

The MarketWatch News Department was not involved in the creation of this content.

Dec 11, 2020 (MARKITWIRED via COMTEX) —
A market study published by FMI on the Agricultural Equipment Manufacturers market includes global industry analysis 2015-2019 & opportunity assessment 2020-2030, and provides a comprehensive assessment of the most important market dynamics. By conducting a thorough research on the historic, current as well as future growth parameters of the Agricultural Equipment Manufacturers market, the growth prospects of the market are obtained with utmost accuracy.

The global Agricultural Equipment Manufacturers market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

By Category

  • Tractor Pulled / Attachment
  • Self-Propelled

By Ownership

Request Report [email protected]://

Report Chapters

Chapter 01 – Executive Summary

The report initiates with the executive summary of the Agricultural Equipment Manufacturers market, which includes a summary of key findings

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FCC orders US telecom companies to rip out Huawei equipment

US carriers and telecommunications companies receiving Universal Service funding are now required to remove all Huawei technology, by order of the federal government.

The US Federal Communications Commission has ordered certain carriers to “rip and replace” all equipment produced by Huawei. It follows continuing investigations into claims that Huawei represents a threat to national security, and Huawei’s application for a review of a similar ruling by the Public Safety and Homeland Security Bureau in June.

“A laundry list of evidence before us compels this result,” said FCC chairman Ajit Pal in a statement. “But to summarize some of the main points, Huawei has a long and well-documented history of close ties to the Chinese military and intelligence communities, as well as the Chinese Communist Party, at every level of the company— all the way up to its founder.”

“Huawei is subject to sweeping Chinese intelligence laws compelling Huawei’s assistance and

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For companies like Facebook, a $5 billion fine is just another expense

  • Paul Constant is a writer at Civic Ventures, a cofounder of the Seattle Review of Books, and a frequent cohost of the “Pitchfork Economics” podcast with Nick Hanauer and David Goldstein.
  • In this week’s episode of Pitchfork Economics, Goldstein spoke with antitrust lawyer and author Michelle Meagher on the difficulties of holding wealthy corporations accountable for breaking the law.
  • Corporations do not follow the same rules as the rest of us, Meagher says, and are rarely incentivized to follow the law because large fines for breaking it won’t necessarily hurt them.
  • While Facebook’s fine of $5 billion for user privacy violations seems like a massive amount, Meagher says it wasn’t a lot of money to the social media giant, and just something they considered the “cost of doing business.”
  • The point of a fine should be to make a person or company think twice before violating the law again. This
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4 companies helping retailers nail the perfect price for everything from groceries to holiday gifts

Dynamic or predictive pricing allows retailers to adjust prices fast to shift with changing consumer demands.
  • Dynamic pricing, where businesses set flexible prices for products or services based on current market demands, is becoming more popular for retailers as they adjust to changing consumer habits amid the pandemic.
  • Business Insider found four power players in the space of AI-driven predictive pricing and SaaS solutions.
  • Revionics, Blue Yonder, Engage3, and Periscope by McKinsey have raised millions and helped major brands like Stop & Shop, Home Depot, and Walgreens.
  • Visit Business Insider’s homepage for more stories.

Consumers are shopping smarter this holiday season: A recent survey of 1,041 US consumers by retail pricing and analytics company Revionics found that 70% of shoppers will seek promotions and coupons, while 45% say that discounts will be one of the most important factors in deciding where to shop. This is hardly a

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