We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Meta Platforms Inc | NASDAQ:META | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
13.04 | 2.89% | 465.00 | 464.56 | 465.00 | 466.16 | 453.34 | 455.58 | 15,085,760 | 00:59:44 |
By Sam Schechner
Facebook Inc. has bowed to demands from European Union regulators to change what the bloc had called its misleading terms of service, the latest example of a broader effort by governments globally to exercise more control over tech firms.
The European Commission, the EU's executive arm Tuesday said that Facebook has agreed to address a list of outstanding concerns that it and a group of national consumer-protection authorities had articulated about the company's terms of service. The changes will be made by June, the commission said.
Among the commitments the commission disclosed, Facebook will spell out for users how it makes money by using personal information about them to sell targeted advertising, and clarify that it can be held liable for misuse of user data when it "has not acted with due professional diligence."
"Today Facebook finally shows commitment to more transparency and straightforward language in its terms of use," said Vera Jourová, the EU's commissioner for justice, consumers and gender equality.
Facebook said that it made the "several of the updates" as a result of work with EU consumer-protection regulators, but would make those changes globally.
Write to Sam Schechner at sam.schechner@wsj.com
(END) Dow Jones Newswires
April 09, 2019 06:20 ET (10:20 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
1 Year Meta Platforms Chart |
1 Month Meta Platforms Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions