The Internal Revenue Service (IRS) will not use a third-party company to verify new accounts with facial recognition, the agency announced on Monday in a news release. The proposed move, which would have used the company ID.me, was criticized resoundingly by privacy advocates and some members of Congress, who say the technology is flawed and…
EU Watchdogs Call for Rapid Action to Catch up With Digital Finance
February 7, 2022
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LONDON—Rapid action is needed to update how cross-border financial services are scrutinized and consumers protected as the sector becomes digitalized with “Big Tech” playing an increased role, European Union regulators said on Monday. People are turning to social media and using smartphones to buy and sell shares, move money around bank accounts and make payments,…
Austrian Antitrust Court Gives Green Light to Facebook’s Giphy Deal
February 7, 2022
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VIENNA—An antitrust court in Austria on Monday approved with conditions Facebook’s purchase of animated images platform Giphy, in a boost for the social media giant after a UK watchdog said the deal should be reversed. Facebook bought Giphy, a website for making and sharing GIFs, a type of animated image used often in social media…
Dutch Watchdog Fines Apple Again in App Store Dispute
February 7, 2022
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AMSTERDAM—The Dutch antitrust watchdog on Monday fined Apple a further 5 million euros ($5.71 million) for failure to comply with an order to open its app store to alternative payment systems for dating apps in the Netherlands. The new fine brings the total amount levied by the Authority for Consumers and Markets against the U.S….
Porsche Expects Another Record Year for Sales Despite Chip Shortage: Automobilwoche
February 7, 2022
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BERLIN—Luxury carmaker Porsche AG expects another record year for sales despite the global semiconductor chip shortage, its sales chief was quoted as saying by industry magazine Automobilwoche. “When I look at the current orders, I’m confident for 2022. Growth in sales could reach a similarly high level this year as in 2021,” Detlev von Platen…
Google Accused of Manipulating Search Results, PriceRunner Suing Company for $2.40 Billion
February 7, 2022
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Swedish price comparison company PriceRunner has announced Monday that a lawsuit has been filed against Google at the Patent and Market Court in Stockholm for a preliminary compensation of 2.1 billion euros ($2.40 billion), accusing Google of showing favoritism to its own services. In a Feb. 7 press release, PriceRunner cited the European General Court’s…
Meta Says It Might Have to Pull Facebook and Instagram in Europe Over Data Transfer Rules
February 7, 2022
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Meta, formerly known as Facebook, might have to entirely stop operating Instagram and Facebook in Europe, the company warned in its filings with the U.S. Securities and Exchange Commission. The EU has strict data protection requirements regarding the transfer of personal data from Europe to the United States and in 2016, the EU and United States agreed…
Lara Logan Quitting Big Tech, Accuses It of ‘Glorifying’ Pedophile Content
February 6, 2022
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Journalist Lara Logan has announced that she intends to quit big tech social media platforms Twitter, Facebook, and Instagram, accusing the networks of allowing pedophilic content to be shared while censoring free speech and alternate perspectives. The award-winning journalist asserted in a Feb. 4 social media post that she cannot “in good conscience” be part of…
UK Widens Scope of Online Safety Bill to Include New Offences
More criminal offences have been added to the UK’s Online Safety Bill to force social media firms to quickly eliminate the “most harmful illegal content and criminal activity,” the government announced on Saturday. Offences including revenge porn, hate crime, fraud, the sale of illegal drugs or weapons, the promotion or facilitation of suicide, people smuggling, and sexual…
Facebook-Owner Meta Says It Will Pay New $2 Million UK Fine
LONDON—Britain’s competition regulator said on Friday it had fined Facebook-owner Meta 1.5 million pounds ($2 million) over fresh issues regarding its purchase of Giphy, a sanction that the U.S. firm said it would accept. Britain’s Competition and Markets Authority (CMA) has taken a tough line with major tech groups in recent years, investigating their dominance…
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