Fun

News Feed - 2023-07-26 10:07:26

Amaka Nwaokocha10 hours agoMeta Platforms fined $14 million for Onavo privacy issues: ReportThe decision in an Australian court was driven by increasing concerns about illicit activities in the crypto market and the desire to safeguard investors.2768 Total views12 Total sharesListen to article 0:00NewsJoin us on social networksAn Australian court has reportedly ordered Meta Platforms, the owner of Facebook, to pay fines amounting to 20 million Australian dollars ($14 million) for collecting user data through a smartphone application, Onavo. 


According to a Reuters report, Australia’s Federal Court has ordered Meta, via its subsidiaries Facebook Israel and the discontinued app, Onavo, to reimburse AU$400,000 ($270,356) in legal costs to the Australian Competition and Consumer Commission (ACCC). The ACCC initiated the civil lawsuit against Meta, alleging that Onavo was promoted as a privacy protection tool but failed to reveal its data collection methods openly.


Facebook used Onavo to collect users’ location, time and frequency using other smartphone apps and websites they visited for its own advertising purposes, Judge Wendy Abraham said in a written judgment, according to the report.


Related:Alibaba to support Meta’s AI model Llama: Report


Meta reportedly stated that the ACCC had recognized its lack of intent to mislead customers, and it emphasized its efforts in developing tools over the past few years to provide users with increased transparency and control over their data usage.


The imposed fine marks the conclusion of one aspect of Meta’s legal challenges in Australia concerning its management of user data, Reuters said. This legal matter emerged amid a scandal involving Meta’s association with data analytics firm Cambridge Analytica during the 2016 United States presidential election.


However, Meta’s legal woes are not over yet, as it is reportedly also facing a civil court action by Australia’s Office of the Information Commissioner regarding its dealings with Cambridge Analytica, specifically in Australia.


Cointelegraph reached out to Meta for more information but did not receive a response by publication.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:Is the Metaverse really turning out like ‘Snow Crash’?# Business# Australia# Technology# Data# Meta# RegulationAdd reactionAdd reactionRelated NewsHow to actually spend your Bitcoin, ExplainedExistential threat? Why some banks are anxious about CBDCs7 real-world IoT applications and examplesUS senator pushes tech companies to label AI-generated contentThe EU’s AI regulations sparked a letter signed by 160 tech execsGoogle hit with lawsuit over new AI data-scraping privacy policy

News Feed

Trump to end war on crypto if elected, says US will be 'crypto capital of the world'
Tristan Greene3 hours agoTrump to end war on crypto if elected, says US will be "crypto capital of the world"The former and prospective United States president made the announcement at the Bitcoin 2024 conference in Nash
SUI Hits New ATH, Can Bullish Momentum Lead Price To $5 This Weekend?
Este artículo también está disponible en español. SUI momentum continues after recording a new all-time high (ATH) on Friday morning. The cryptocurrency surged 4.5% to ne
Ezra Reguerra13 hours agoHow CBDCs and stablecoins can coexist: FIS panel discussionEetu Kuneinen argued against CBDCs, as they are “centralized by nature,” saying that certain dangers come with government control.14
Caroline Ellison’s Testimony Claims FTX Boss SBF Directed Her to Co-Mingle Customer Funds Since 2019
Caroline Ellison"s Testimony Claims FTX Boss SBF Directed Her to Co-Mingle Customer Funds Since 2019 On Dec. 23, 2022, Matthew Russell Lee from the Inner City Press published the r
Kuwait-Based Islamic Bank Enters the Metaverse
Kuwait-Based Islamic Bank Enters the Metaverse Warba Bank, a Kuwait-based Islamic bank, recently became the latest corporation from the Middle East and North Africa (MENA) to enter
Kraken Custody expands to UK and Australia markets
Josh O"Sullivan9 hours agoKraken Custody expands to UK and Australia marketsKraken"s expansion of its custody services to the UK and Australia marks its first international venture, catering to institutional clients outs
Kraken tells users that Mt. Gox reimbursement funds have been received
Vince Quill7 hours agoKraken tells users that Mt. Gox reimbursement funds have been receivedMt. Gox collapsed in 2014 and only recently began reimbursing injured parties in Bitcoin and Bitcoin Cash.2437 Total views6 Tota
Fed Chair Powell Says ‘Very Premature’ to Pause Interest Rate Hikes — Economist Warns It Will Crash Economy
Fed Chair Powell Says "Very Premature" to Pause Interest Rate Hikes — Economist Warns It Will Crash Economy Federal Reserve Chairman Jerome Powell says that it is “very pre
NY Attorney General Warns About Investing in Crypto Market — Says It’s Extremely Unpredictable, Unstable
NY Attorney General Warns About Investing in Crypto Market — Says It"s Extremely Unpredictable, Unstable New York Attorney General Letitia James has issued a warning about invest
Bitcoin, Ethereum Technical Analysis: ETH Slips Below  $1,100 Ahead of FOMC Minutes Report
Bitcoin, Ethereum Technical Analysis: ETH Slips Below  $1,100 Ahead of FOMC Minutes Report Ethereum fell below $1,100 on Nov. 22, ahead of tomorrow’s much anticipated Unite
A Model for the Next Generation DEX, TitanSwap Will Be a Dex With Better User Experience
A Model for the Next Generation DEX, TitanSwap Will Be a Dex With Better User ExperienceTitanSwap is using the renBTC protocol to implement cross-chain operations. Compared with the
Financial Market Committee Chair Aksakov Joins Calls for Identification of Russian Crypto Owners
Financial Market Committee Chair Aksakov Joins Calls for Identification of Russian Crypto Owners Anatoly Aksakov, head of the Financial Market Committee at the Russian parliament,