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B2B Venture Capital: Corporate Social Media, Marijuana Procurement, and Big Data

PYMNTS

This week, the two countries were the only markets that landed on the B2B venture capital board, with funding landing at SaaS, Big Data and procurement startups across a range of industries, from corporate social media management to marijuana procurement. PYMNTS breaks down the $24 million in venture capital raised.

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AWS Outage Interrupts Web Service for Spotify, Square And Others

PYMNTS

An Amazon Web Services outage affected the digital presence and operations of dozens of companies Wednesday (Nov 25) as one of the subsystems of the massive web operations platform failed. Kinesis, as described on the AWS site is “a massively scalable and durable real-time data streaming service.

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FTC Could Hear Testimony From Facebook’s Zuckerberg, Sandberg

PYMNTS

Facebook Inc’s top executives could be required to testify before the Federal Trade Commission (FTC) as the regulator investigates whether the California-based social media conglomerate has violated U.S. antitrust laws, sources told The Wall Street Journal. billion global users. states and the DOJ.

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Big Tech Compliance Tracker: EU Prepares To Propose New Big Tech Regulations; Turkey Fines Big Tech Platforms $1.18M

PYMNTS

million) penalty for not following a new social media law, Reuters reported, citing Omer Fatih Sayan, the deputy transport and infrastructure minister. Foreign companies operating in Turkey that reach more than 1 million people daily have been told about some of the rules they need to comply with,” Sayan said on social media.

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California enforcement updates and privacy tools highlight regulatory scrutiny of right to opt out

CFPB Monitor

At the press conference, California Attorney General Rob Bonta summarized the first year of enforcement of the CCPA and provided specific examples of actions businesses have taken to rectify alleged violations following receipt of a notice of noncompliance. This CPRA provision becomes operative in January 2023. Enforcement updates.

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Facebook Could Lose Accreditation Of Media Rating Council

PYMNTS

advertisers probably won’t “like” its subpar rating from a media industry watchdog. The Media Rating Council (MRC) review found that the California-based social media giant has failed to address advertisers’ concerns arising from an Ernst & Young audit over how it measures and reports data about video advertisements. .

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Facebook's Libra Hires HSBC Veteran As Managing Director

PYMNTS

The Libra Association has named James Emmett as managing director of Libra Networks, the association’s operating company subsidiary. Emmett previously was the top executive of HSBC Bank plc and Europe, where he was responsible for HSBC's UK Wholesale Bank and operations across Continental Europe, Sub-Saharan Africa and Bermuda.