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Will Our Love-Hate Relationship With Social Media Ever Break?

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consumers and social media. Data breaches, marketing so targeted and specific that it can feel creepy, lack of privacy and regrets over wasted time – people complain constantly about how social media causes or enables all of that. It found that, in general, people think social media does more harm than good.

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Google Quits Cookies As Data Privacy Regs Show Fangs

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Looks like the digital advertising and marketing sectors are in for a reckoning. In the middle are the consumers whose data fuels eCommerce, social media and basically the entire internet as we know it. The European Union (EU) has levied $126 million USD in fines in that brief time, the biggest against Google at $57 million.

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Tim Berners-Lee: Google, Facebook Might Need To Be Broken Up

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Tim Berners-Lee, the inventor of the world wide web, has warned that technology giants like Facebook and Google are now so dominant that they might need to be broken up. Apple , Microsoft , Amazon , Google and Facebook have a combined market capitalization of $3.7 That, said Berners-Lee, was a tipping point for many.

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Identity As A Service To The Rescue

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Social media platforms are infested with phonies, and not just your best friend’s irritating co-worker (although he totally is). This is about the fact that fake identities comprise 25 percent of new social media accounts created every day, and that 53 percent of all social media logins are fraudulent , according to a recent study.

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Big Tech Faces Regulation Reckoning As 2021 Dawns

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Starting with some of the most recent changes — and a sign of what’s to come — earlier in the month, the European Commission offered up its initial draft of the Digital Services Act and the Digital Markets Act. As reported in this space , the DSA and DMA cover online marketplaces, social media and other platforms.

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Social Shopping Struggles With The Burden Of Potential

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2020 just might be the year that the long-awaited social shopping business actually shows up. Ever since Facebook and Google put their muscle behind connecting content to commerce three years ago, the potential for social shopping has been rich – but the results have fallen short of expectations. percent from the prior year.

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How Marketplaces Are Prepping For SCA

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Across the European Union (EU), technology providers and social media platforms are increasingly playing a bigger role in the Open Banking ecosystem. At the same time, however, many players, like Facebook and Google , are squaring off against regulators that are looking at their data and payment policies with more scrutiny.