Facebook executives could be deposed by FTC in antitrust probe, report says
The US Federal Trade Commission is reportedly considering taking sworn legal testimony from Facebook CEO Mark Zuckerberg and COO Sheryl Sandberg.
Facebook CEO Mark Zuckerberg and COO Sheryl Sandberg could be asked by the Federal Trade Commission to provide sworn legal testimony as part of a yearlong antitrust probe conducted by the agency, The Wall Street Journal reported on Friday.
Last year, Facebook revealed that the FTC had launched an antitrust investigation into the company. The agency is reportedly focusing on whether Facebook's purchases of companies such as photo service Instagram and messaging app WhatsApp were part of the social media giant's strategy to stifle competition.
https://www.cnet.com/news/facebook-executives-could-be-deposed-by-ftc-in-antitrust-probe-report-says/
#facebook #ftc #antitrust
The US Federal Trade Commission is reportedly considering taking sworn legal testimony from Facebook CEO Mark Zuckerberg and COO Sheryl Sandberg.
Facebook CEO Mark Zuckerberg and COO Sheryl Sandberg could be asked by the Federal Trade Commission to provide sworn legal testimony as part of a yearlong antitrust probe conducted by the agency, The Wall Street Journal reported on Friday.
Last year, Facebook revealed that the FTC had launched an antitrust investigation into the company. The agency is reportedly focusing on whether Facebook's purchases of companies such as photo service Instagram and messaging app WhatsApp were part of the social media giant's strategy to stifle competition.
https://www.cnet.com/news/facebook-executives-could-be-deposed-by-ftc-in-antitrust-probe-report-says/
#facebook #ftc #antitrust
FTC Probes Huge Financial Data Broker Yodlee
Envestnet, the largest financial data broker in the country and which owns Yodlee, sells bank and credit card transactions of tens of millions of Americans.
The Federal Trade Commission (FTC) has sought investigative documents from huge financial data seller Envestnet. Envestnet, via a company it acquired called Yodlee, sells the bank and credit card transaction data of tens of millions of Americans to investment and research firms, which show how much people spent and where.
"In February 2020, we received a civil investigative demand from the FTC for documents and information relating to our data collection, assembly, evaluation, sharing, correction and deletion practices," an Envestnet document, filed with the Securities and Exchange Commission (SEC) in February, reads.
On Wednesday, lawyers filed a class action lawsuit against Envestnet and Yodlee in the Northern District of California, seeking damages for Yodlee allegedly selling individuals' data without taking proper security protections and sharing the data in unencrypted files.
https://www.vice.com/en_us/article/k7q53n/ftc-envestnet-yodlee-class-action-lawsuit
#US #FTC #Envestnet #Yodlee #data #broker #lawsuit
Envestnet, the largest financial data broker in the country and which owns Yodlee, sells bank and credit card transactions of tens of millions of Americans.
The Federal Trade Commission (FTC) has sought investigative documents from huge financial data seller Envestnet. Envestnet, via a company it acquired called Yodlee, sells the bank and credit card transaction data of tens of millions of Americans to investment and research firms, which show how much people spent and where.
"In February 2020, we received a civil investigative demand from the FTC for documents and information relating to our data collection, assembly, evaluation, sharing, correction and deletion practices," an Envestnet document, filed with the Securities and Exchange Commission (SEC) in February, reads.
On Wednesday, lawyers filed a class action lawsuit against Envestnet and Yodlee in the Northern District of California, seeking damages for Yodlee allegedly selling individuals' data without taking proper security protections and sharing the data in unencrypted files.
https://www.vice.com/en_us/article/k7q53n/ftc-envestnet-yodlee-class-action-lawsuit
#US #FTC #Envestnet #Yodlee #data #broker #lawsuit
Vice
FTC Probes Huge Financial Data Broker Yodlee
Envestnet, the largest financial data broker in the country and which owns Yodlee, sells bank and credit card transactions of tens of millions of Americans.