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

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending