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HSBC To Staff: Stay Off Bank’s Social Media Accounts

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21) to stay off the bank’s social media sites after a report was leaked to BuzzFeed News and the International Consortium of Investigative Journalists (ICIJ). . HSBC is a much safer institution than it was in 2012.”. The 233,000 worldwide employees of HSBC Holdings Plc were ordered on Monday (Sept.

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TikTok Doubles Sales To $35 Billion Despite Bans, Layoffs

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Chinese social media app TikTok — the world’s biggest startup — grew operating profit to $7 billion after parent company ByteDance saw revenue at about $35 billion last year, Bloomberg reported. The Chinese company had an estimated operating profit of below $4 billion the prior year, according to Bloomberg.

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Chinese Advertising Generates $27B For TikTok’s ByteDance

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Founded in 2012 and headquartered in Shanghai, the tech unicorn is widely known internationally for the app TikTok, which did not add much to the company’s revenue. A recent report forecasted that social commerce will reach $604.5 operations. buyers when the Trump Administration tried to ban the app citing national security.

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Facebook Played Favorites With Data

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Reuters , citing documents released by British lawmakers, reported that between 2012 and 2015 executives at the social media network operator — including chief executive Mark Zuckerberg — tracked how competitors were growing and then denied some access to user data that was available to other companies.

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Advocacy Groups Call On FTC To Break Up Facebook

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Facebook is facing breakup calls from a handful of advocacy groups that want the Federal Trade Commission to explore breaking up the social media giant. The consent decree was inked in 2012. Others advocates calling for the breakup include Color of Change and Open Markets Institute , noted the report.

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 Ransomware Gains Traction, UK BEC Fraud Spikes

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In comments reported earlier this week, cyber insurance security responder Tom Bennett of CFC Underwriting told The Financial Times that that claims surged in June and July. These criminals are exploiting new technologies to commit fraud, posting adverts on social media to try and recruit money mules,” he said.

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Big Tech Compliance Tracker: France Fines Amazon And Google $164 Million; Australia Warns Facebook And Google To Pay News Firms 

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“We stand by our record of providing upfront information and clear controls, strong internal data governance, secure infrastructure, and above all, helpful products.”. Facebook and Google Could Face Large Fines With Potential Australian Legislation. The government green lighted the General Scheme earlier this year on Jan.

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