All that juicy data and Zuck can't get to use it the way his shareholders would love him to? Hmmm, let's just see how long it is before...oops, a silly "mistake" is made and the data gets used.
FTC: OK Facebook, swallow WhatsApp – but NO selling people's data without permission
Facebook's multi-billion-dollar slurp of WhatsApp has been given the go-ahead by US regulators – with the caveat that the social network sticks to the messaging service's privacy policy. The Federal Trade Commission said in a letter to the two firms that WhatsApp would have to stick to the privacy promises it had already made …
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Friday 11th April 2014 19:07 GMT BillG
Re: Subscription model
The FTC made it clear that if Facebook wants to make any changes to how it uses data collected from WhatsApp, it will have to inform users and get their consent and the companies both need to ensure they don't misrepresent the extent of the privacy and security of user data...
"...or Facebook will be fined $12Million, or approximately 1/2 a day of revenue."
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Friday 11th April 2014 15:18 GMT Anonymous Coward
Breaking News 2020 Time Trumpet style...
It has been announced today that Jessica Rich, former director of the bureau of consumer protection has joined the board of Facebook.... Critics are questioning whether the revolving door policy of the FTC over data sharing and privacy is beginning to mirror that of Wall Street and its policy of offering similar directorships to retired SEC overseers.
There was a protest outside congress today, as it was revealed that the new bill guaranteeing investment for the building of new children's hospitals and schools in disadvantaged neighbourhoods, also included a little known rider which would allow the transfer of ownership of private data from the individual to multinational tech companies. Critics have called this an abomination of user rights and blamed Lobbyists from the Big-Ten tech firms for whitewashing existing FTC laws. The FTC reportedly had no comment to make.
In separate news, Users of the social network platform Facebook have reported not being able to locate the page that allows them to voice their opposition to the new WhatsApp 'open data' sharing agreement. Only 10% voted against the privacy change. Critics argue that matters weren't helped by the fact that the vote was held during on the busiest day of the year for most Americans, as its the last day to file US taxes.