article thumbnail

Big Tech Compliance Tracker: Facebook Faces $6.06 Million Fine From South Korea; Big Tech Tax Becomes Due In France

PYMNTS

million of the 18 million users of the social media company in Korea was given to operators beyond Facebook without them knowing between May 2012 and June 2018. Chicago Alderman Proposes Tax on Deliveries. Deliveries by firms like Amazon would be taxed under a plan put forward by an alderman, the Chicago Tribune reported.

Taxes 130
article thumbnail

Big Tech Compliance Tracker: Facebook Hints At EU Pullout Over Data Transfers Laws; Appeal Filed Over Appleā€™s $15B Tax Bill On Ireland Operations; In-App Billing Battle Rages On

PYMNTS

With the fate of TikTok grabbing all the press, you may have missed the news that Facebook is talking about denying itself and its sister social platform Instagram to the European Union (EU) over new proposals that would stop the social media giant from transferring data on EU users back to Facebook headquarters in Silicon Valley.

Taxes 162
Insiders

Sign Up for our Newsletter

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

article thumbnail

Startups Protecting The Enterprise On All Fronts

PYMNTS

Compliance. The funding was led by Hoxton Ventures and Promus Ventures, based in London and Chicago, respectively. PostBeyond revealed a $4 million funding round on Wednesday, with investors backing its solution that enables employees to post corporate content on social media sites for marketing and brand recognition purposes.

article thumbnail

Finovate Alums Populate RegTech Top 100 Power List

Fintech Labs Insights

Nearly 20 of the companies highlighted in Planet Compliance’s new RegTech Top 100 Power list – and five of the top ten – are Finovate and/or FinDEVr alums. Interestingly, Planet Compliance says it has added a “secret ingredient” to the ranking system. Headquartered in Chicago, Illinois. Raised $64.7