Money

WhatsApp cops massive fine for breaking privacy laws

Published

3 years ago

September 3, 2021

WhatsApp has been fined for breaching the EU’s data privacy laws

The Facebook owned social media platform, used as a messaging service, was found to have breached the European Union’s privacy law.

WhatsApp received a total penalty of €225 million ($267 million) with Ireland’s Data Protection Commission noting that WhatsApp did not properly inform EU citizens how it handles their personal data, which included how the social media platform shares that information with its parent company.

Ireland’s Data Protection Commission (DPC) announced the decision in an 89-page summary.

The Facebook owned social media platform has been ordered to act and to make updates to its already lengthy privacy policy and change how it notifies users about sharing their data.

This will bring it into compliance with Europe’s General Data Protection Regulation (GDPR) which governs how tech companies gather and use data in the EU.

Europe’s General Data Protection Regulation came into effect in May 2018, and WhatsApp was one of the first companies to be hit with privacy lawsuits under the regulation.

Money

Research key to investment success

Published

10 hours ago

May 6, 2024

ticker NEWS

What is the importance of research in the investing and super landscape in Australia?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Peter Green, Director of Research at Lonsec Research. #wyld money

Money

Why “stagflation” will be the greatest financial threat of 2024

Published

13 hours ago

May 6, 2024

Nathan Langridge

With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

Money

Unpacking crypto ‘prop trading’

Published

3 days ago

May 4, 2024

ticker NEWS

What is crypto proprietary trading and how can it benefit you?

Bitcoin 101 is an exciting talk show that educates viewers on safe participation in crypto markets, providing timely updates and expert insights for informed decision-making.

Hosted by the Managing Director of Crypto Calls, Cheyne Kupfer.

In this episode, Cheyne sits down with Growth Partner at Crypto Calls, Jack Birkinshaw to talk all things prop trading.