Tech

Grindr cops $7 million fine over privacy breach

Published

2 years ago

December 16, 2021

ticker NEWS

Gay dating app Grindr has been fined $7 million over privacy violations

The location-based dating app copped the penalty from the Norwegian Data Protection Authority for selling user data to advertisers.

“Our conclusion is that Grindr has disclosed user data to third parties for behavioural advertisement without a legal basis,” said Tobias Judin, head of the Norwegian Data Protection Authority’s (DPA) international department.

Its investigation was based on a complaint from the Norwegian Consumer Council.

The fine, the largest the Norwegian DPA has issued, is large because the regulator considered the infringements to be “grave”.

Data which it found the app had shared with third parties included GPS location, IP address, advertising ID, age, gender and the fact that the user was on Grindr.

This was particularly intrusive because data about a person’s sexual orientation constitutes special category data that merits particular protection under GDPR rules, it added.

It’s the largest fine handed down by the agency.

Grindr has three weeks to lodge an appeal.

Shows

Is GenerativeAI transforming education?

Published

2 days ago

May 3, 2024

ticker NEWS

Educators today are facing an uphill battle, so what’s the solution?

Today’s educators are passionate, but they’re up against diverse classrooms and outdated teaching methods.

In this episode, Trevor Furness, Chief Revenue Officer of Octopus B-I discuss their efforts to transform education. #funding futures

News

How AI is leveraging Amazon’s fast production

Published

3 days ago

May 2, 2024

Nathan Langridge

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.

Ticker’s Ahron Young & Veronica Dudo discuss.

Tech

Tesla is slashing prices to stay competitive

Published

2 weeks ago

April 21, 2024

Reuters

Tesla cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.

Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the long-range and performance variants are now priced at $47,990 and $51,490, respectively, according to its website.

The basic version of the Model S now costs $72,990 and its plaid variant $87,990. The Model X base variant now costs $77,990 and its plaid variant is priced at $92,900.

Tesla North America also said in a post on X said it would end its referral program benefits in all markets after April 30.

Referral program allows buyers to get extra incentives through referrals from existing customers, a strategy long used by traditional automakers to boost sales.

Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi and announce plans to enter the South Asian market, Reuters reported on Saturday.

On Monday Reuters reported, citing an internal memo, that the EV maker was laying off more than 10% of its global workforce.

Earlier this month Reuters reported the EV maker had canceled a long-promised inexpensive car, expected to cost $25,000, that investors had been counting on to drive mass-market growth.

The EV maker reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand.

Tesla is to report first-quarter earnings on Tuesday.