Remove California Remove Regulation Remove social media Remove Technology
article thumbnail

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

PYMNTS

Here’s the latest news from the technology industry, which is coming under increasing global scrutiny from governments and consumers. Regulation. EU Gears Up To Propose New Big Tech Regulations. Australian Regulator Looks Into Merger Law Changes.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Deep Dive: Why The Pandemic Is Pushing MENA Regulators To Upgrade Open Banking, Privacy Laws

PYMNTS

Consumers and businesses have been moving online in recent years, and regulators from the European Union to the Middle East and North Africa (MENA) region have worked to keep up with this migration. The pandemic is dramatically altering how merchants can transact, which data they can store and where they can store it, however.

article thumbnail

DOJ Antitrust Lawsuit Against Facebook No Slam Dunk

PYMNTS

Facebook bought Instagram, the photo- and video-sharing social networking service, in 2012 for $1 billion and WhatsApp, the cross-platform messaging service, in 2014 for $19 billion. Other technology giants including Google , Amazon and Apple are also facing probes. There is no ‘it’s too hard’ defense,’” Wu told WSJ.

article thumbnail

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. Enforcement updates. This CPRA provision becomes operative in January 2023.

article thumbnail

DOJ, State AGs To Meet On Antitrust Suit Against Google

PYMNTS

23) on the landmark complaint against the Menlo Park, California-based tech giant. and other tech companies have been facing backlash from lawmakers and regulators around the globe. They are considering a lawsuit against the 22-year-old global technology giant. If successful, it would break up Google’s ad technology business.

Google 213
article thumbnail

Senators Demand Big Tech Release Encrypted Data To Law Enforcement

PYMNTS

10) over the companies’ decision to use encryption technology, according to a report by Reuters. The lawmakers warned that both companies should allow for “backdoor” access to law enforcement or they would be forced to regulate the technology. senators went head to head with executives of Apple and Facebook on Tuesday (Dec.