Facebook investors brace for an update from Zuckerberg on the company’s planned pivot to privacy

Facebook reports earnings after the closing bell Wednesday, and investors will be looking for signs it can shift its business to focus more on privacy while continuing to grow revenue and users. Analysts expect Facebook to report revenue growth of 25 percent to $15 billion, from nearly $12 billion a year ago, according to estimates from Refinitiv. The company claims to have 500 million daily Instagram Stories users, and investors will want to see that those figures are still growing. With Facebo


Facebook reports earnings after the closing bell Wednesday, and investors will be looking for signs it can shift its business to focus more on privacy while continuing to grow revenue and users. Analysts expect Facebook to report revenue growth of 25 percent to $15 billion, from nearly $12 billion a year ago, according to estimates from Refinitiv. The company claims to have 500 million daily Instagram Stories users, and investors will want to see that those figures are still growing. With Facebo
Facebook investors brace for an update from Zuckerberg on the company’s planned pivot to privacy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: salvador rodriguez, saul loeb, afp, getty images
Keywords: news, cnbc, companies, planned, companys, privacy, shift, business, pivot, update, zuckerberg, facebook, brace, revenue, instagram, users, company, whatsapp, investors


Facebook investors brace for an update from Zuckerberg on the company's planned pivot to privacy

Facebook reports earnings after the closing bell Wednesday, and investors will be looking for signs it can shift its business to focus more on privacy while continuing to grow revenue and users.

“I believe the future of communication will increasingly shift to private, encrypted services where people can be confident what they say to each other stays secure and their messages and content won’t stick around forever,” Facebook CEO Mark Zuckerberg wrote in March. “This is the future I hope we will help bring about.”

Zuckerberg said the company is working to integrate the messaging functions of WhatsApp, Messenger and Instagram, and that he expects “Messenger and WhatsApp to become the main ways people communicate on the Facebook network.”

But many questions remain. The company has not said how long it will take for this messaging integration to get done, how expensive that shift will be or how it will monetize users’ private communications.

The social media company is making the shift to privacy after enduring a barrage of privacy troubles in the last year, from the Cambridge Analytica scandal in March 2018, which revealed that a political research firm used improperly acquired Facebook user data to target political ads in 2016, to a revelation last month that company employees could have accessed passwords from hundreds of millions of users.

Facebook’s advertising business has been able to weather the privacy scandals, but 74 percent of adult Facebook users in the U.S. say they have adjusted their privacy settings, taken a break from the social network or deleted the Facebook app from the phone at some point in the past year, according to a Pew Research Center survey in February.

Analysts expect Facebook to report revenue growth of 25 percent to $15 billion, from nearly $12 billion a year ago, according to estimates from Refinitiv. That would mark the slowest year-over-year growth for any quarter since Facebook’s IPO in 2012. Net income is expected to decrease to $1.63 a share from $1.69 a year earlier.

“For investors, we are asking ourselves, at what cost will this transformation come? Facebook has already beefed up their security staff and will need to make more investments in data privacy,” said Carter Henderson, portfolio specialist and director of institutional development at Fort Pitt Capital Group.

Already, Facebook’s advertising business is going through its own major shift as the company weans itself off News Feed ads and grows the ad revenue coming from its Stories products. The company claims to have 500 million daily Instagram Stories users, and investors will want to see that those figures are still growing.

“Stories advertising has proliferated on both traditional FB and Instagram, and management is working on monetizing stories at a higher rate,” Guggenheim analysts said in a note Thursday.

With Facebook adding an even broader shift to privacy into the mix, investors will want to hear from the company’s leadership about how its various other bets are playing out. Any progress from the company’s efforts with the monetization of WhatsApp and Messenger, sales of Oculus virtual reality headsets, the addition of an e-commerce feature to Instagram or the development of a blockchain-based Facebook cryptocurrency will be key to how investors react.

“Zuck’s announcement about the company’s pivot clearly shows that they will be investing in other revenue streams and business models outside of their core business,” said Henry Liu, a former Facebook employee and managing partner of YGC, an enterprise blockchain investment firm. “It’s important for investors to pay attention to what those things are.”

WATCH: Here’s how to see which apps have access to your Facebook data — and cut them off


Company: cnbc, Activity: cnbc, Date: 2019-04-24  Authors: salvador rodriguez, saul loeb, afp, getty images
Keywords: news, cnbc, companies, planned, companys, privacy, shift, business, pivot, update, zuckerberg, facebook, brace, revenue, instagram, users, company, whatsapp, investors


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US exempts foreign entities working with Iran’s Revolutionary Guard from ‘terrorist’ designation

It was the first time the U.S. has formally given the label of foreign terrorist organization, or FTO, to a military branch of another nation. Under the FTO designation, any entity providing “material support” to the Guard would face U.S. sanctions, including denial of visas to the United States. The U.S. retains the right to sanction any individual providing material support to the Guard. Despite the new exemptions, the State Department has yet to comment on how it defines “material support.” N


It was the first time the U.S. has formally given the label of foreign terrorist organization, or FTO, to a military branch of another nation. Under the FTO designation, any entity providing “material support” to the Guard would face U.S. sanctions, including denial of visas to the United States. The U.S. retains the right to sanction any individual providing material support to the Guard. Despite the new exemptions, the State Department has yet to comment on how it defines “material support.” N
US exempts foreign entities working with Iran’s Revolutionary Guard from ‘terrorist’ designation Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: leila gharagozlou, saul loeb, afp, getty images, stringer
Keywords: news, cnbc, companies, irans, material, support, fto, united, entities, foreign, department, terrorist, revolutionary, designation, state, working, used, guard, exempts


US exempts foreign entities working with Iran's Revolutionary Guard from 'terrorist' designation

A State Department spokesperson told CNBC that the new exemptions are intended to mitigate complications created by the designation, which was announced on April 8. It was the first time the U.S. has formally given the label of foreign terrorist organization, or FTO, to a military branch of another nation.

Under the FTO designation, any entity providing “material support” to the Guard would face U.S. sanctions, including denial of visas to the United States. This would create difficulties for foreign governments, allies and trading partners — including Iraq, Syria and Turkey — and nongovernmental organizations and businesses that work with Iran closely.

“There is clearly a realization that this will impact the functioning of not only the Iraqi government but also the functioning of the United States and its allies,” said Jonathan Cristol, senior fellow at the Center for Civic Engagement.

The U.S. retains the right to sanction any individual providing material support to the Guard.

Despite the new exemptions, the State Department has yet to comment on how it defines “material support.” This poses a major problem, Cristol says. “For many foreign entities what is considered material support is unclear, and [that] could give the U.S. an incredibly broad reach in punishing those who violate the designation.”

Richard Nephew, former principal deputy coordinator for sanctions policy at the State Department, says the term “material support” has been used liberally in the past but typically refers to charity groups funneling funds to nonstate actors, such as ISIS and al-Qaeda.

Nephew said the FTO designation is “not the tool that was meant to be used for state actors. It is meant for actual terrorist groups. That’s why the administration is having a problem defining ‘material support.'”

The Revolutionary Guard and its linked entities are estimated to control about 20% of the Iranian economy, from shipping and petrochemicals to real estate and banking, making it difficult to avoid the group. Plus, a two-year military service is mandatory for men, so many Iranian families have a connection to the group regardless of their politics.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: leila gharagozlou, saul loeb, afp, getty images, stringer
Keywords: news, cnbc, companies, irans, material, support, fto, united, entities, foreign, department, terrorist, revolutionary, designation, state, working, used, guard, exempts


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Biden hires over a dozen senior advisors from Obama administration for 2020 campaign: Sources

Former Vice President Joe Biden and his team have hired over a dozen senior advisors from President Barack Obama’s administration for his upcoming 2020 campaign for president, CNBC has learned. Numerous former Obama White House advisors who have been brought on to work with Biden’s team, have yet to hear where the campaign will be headquartered. Biden was born in Scranton, Pennsylvania and as a Senator, represented the First State for over three decades. Biden, according to people with direct kn


Former Vice President Joe Biden and his team have hired over a dozen senior advisors from President Barack Obama’s administration for his upcoming 2020 campaign for president, CNBC has learned. Numerous former Obama White House advisors who have been brought on to work with Biden’s team, have yet to hear where the campaign will be headquartered. Biden was born in Scranton, Pennsylvania and as a Senator, represented the First State for over three decades. Biden, according to people with direct kn
Biden hires over a dozen senior advisors from Obama administration for 2020 campaign: Sources Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-19  Authors: brian schwartz, saul loeb, afp, getty images
Keywords: news, cnbc, companies, administration, president, vice, campaign, white, senior, sources, work, biden, 2020, hires, obama, dozen, advisors, house, infrastructure, team


Biden hires over a dozen senior advisors from Obama administration for 2020 campaign: Sources

Former Vice President Joe Biden and his team have hired over a dozen senior advisors from President Barack Obama’s administration for his upcoming 2020 campaign for president, CNBC has learned.

Many of these people didn’t work within Biden’s office throughout Obama’s tenure as president, but they have extensive campaign experience ranging from political consulting to communications, according to sources with direct knowledge of the matter.

Since their time in the Obama White House, some of these aides have gone on to work on Hillary Clinton’s 2016 presidential campaign and later helped Democrats retake the U.S. House of Representatives during the 2018 congressional midterm elections, these people said.

Numerous former Obama White House advisors who have been brought on to work with Biden’s team, have yet to hear where the campaign will be headquartered. But they expect it will be either in Delaware or Pennsylvania. Biden was born in Scranton, Pennsylvania and as a Senator, represented the First State for over three decades.

Those who described the recent hirings declined to be named in this story because they did not want to get ahead of the upcoming announcement.

NBC News reported on Friday that the former lawmaker is set to announce his much anticipated 2020 presidential run next week. Biden, according to people with direct knowledge of the matter, is likely to roll out his campaign video in the coming days.

A spokesman for Biden declined to comment.

At a recent press gaggle with reporters, the former Vice President touted his connection to Obama and their legacy.

“I’m an Obama-Biden Democrat, man, and I’m proud of it,” he said at the time.

Since at least March, Biden and his team have been discussing potential economic policies for a third White House campaign, including an infrastructure reform plan, cutting taxes for the middle class and bettering income inequality, CNBC first reported.

An emphasis on infrastructure would give Biden an opportunity to directly challenge Donald Trump on a key aspect of the president’s “Make America Great Again” agenda. Trump ran on improving the nation’s roads, bridges and tunnels, but those policies have yet to take shape as the administration’s $1 trillion infrastructure plan failed to gain traction.


Company: cnbc, Activity: cnbc, Date: 2019-04-19  Authors: brian schwartz, saul loeb, afp, getty images
Keywords: news, cnbc, companies, administration, president, vice, campaign, white, senior, sources, work, biden, 2020, hires, obama, dozen, advisors, house, infrastructure, team


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HBO wants Trump to stop making ‘Game of Thrones’-style tweets

In a more than 400-page report, Mueller’s team said it did not find evidence that the Trump campaign coordinated with the Kremlin. Attorney General William Barr and Deputy Attorney General Rod Rosenstein further determined that Mueller’s findings did not warrant an obstruction of justice offense. As part of his victory lap Thursday morning, Trump tweeted an image using a font style that closely matches the title cards and credits used in HBO’s show. HBO, a unit of AT&T, said in a statement that


In a more than 400-page report, Mueller’s team said it did not find evidence that the Trump campaign coordinated with the Kremlin. Attorney General William Barr and Deputy Attorney General Rod Rosenstein further determined that Mueller’s findings did not warrant an obstruction of justice offense. As part of his victory lap Thursday morning, Trump tweeted an image using a font style that closely matches the title cards and credits used in HBO’s show. HBO, a unit of AT&T, said in a statement that
HBO wants Trump to stop making ‘Game of Thrones’-style tweets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: kevin breuninger, saul loeb, afp, getty images
Keywords: news, cnbc, companies, slogans, thronesstyle, using, political, used, style, making, statement, tweets, stop, trump, hbo, wants, trumps, game, thrones


HBO wants Trump to stop making 'Game of Thrones'-style tweets

In a more than 400-page report, Mueller’s team said it did not find evidence that the Trump campaign coordinated with the Kremlin. Attorney General William Barr and Deputy Attorney General Rod Rosenstein further determined that Mueller’s findings did not warrant an obstruction of justice offense.

As part of his victory lap Thursday morning, Trump tweeted an image using a font style that closely matches the title cards and credits used in HBO’s show.

“NO COLLUSION. NO OBSTRUCTION,” the text of the image reads. “FOR THE HATERS AND THE RADICAL LEFT DEMOCRATS — GAME OVER.”

HBO, a unit of AT&T, said in a statement that it doesn’t want Trump using the show, which clocked a record-high 17.4 million viewers during its season premiere, to suit his political agenda.

“Though we can understand the enthusiasm for Game of Thrones now that the final season has arrived, we still prefer our intellectual property not be used for political purposes,” an HBO spokesman said in a statement to CNBC.

Trump has aped the style and slogans of “Game of Thrones” before. He has shared at least two other photos in the past six months that borrow from the slogans and font style of the television series.

In November, Trump promoted his administration’s promised sanctions against Iran by tweeting “SANCTIONS ARE COMING NOVEMBER 5” — a clear reference to the phrase “Winter is coming” popularized by the show.

“We were not aware of this messaging and would prefer our trademark not be misappropriated for political purposes,” HBO told CNBC at the time. The network’s official Twitter account later suggested Trump misused its trademark.

In January, Trump’s Instagram account posted a similar photo — this one apparently meant to promote Trump’s long-held campaign promise to build a wall along the U.S.-Mexico border.

The White House did not immediately respond to a request for comment regarding HBO’s statement.

WATCH: What it costs to eat like The Mountain will shock you


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: kevin breuninger, saul loeb, afp, getty images
Keywords: news, cnbc, companies, slogans, thronesstyle, using, political, used, style, making, statement, tweets, stop, trump, hbo, wants, trumps, game, thrones


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HBO wants Trump to stop making ‘Game of Thrones’-style tweets

In a more than 400-page report, Mueller’s team said it did not find evidence that the Trump campaign coordinated with the Kremlin. Attorney General William Barr and Deputy Attorney General Rod Rosenstein further determined that Mueller’s findings did not warrant an obstruction of justice offense. As part of his victory lap Thursday morning, Trump tweeted an image using a font style that closely matches the title cards and credits used in HBO’s show. HBO, a unit of AT&T, said in a statement that


In a more than 400-page report, Mueller’s team said it did not find evidence that the Trump campaign coordinated with the Kremlin. Attorney General William Barr and Deputy Attorney General Rod Rosenstein further determined that Mueller’s findings did not warrant an obstruction of justice offense. As part of his victory lap Thursday morning, Trump tweeted an image using a font style that closely matches the title cards and credits used in HBO’s show. HBO, a unit of AT&T, said in a statement that
HBO wants Trump to stop making ‘Game of Thrones’-style tweets Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: kevin breuninger, saul loeb, afp, getty images
Keywords: news, cnbc, companies, slogans, thronesstyle, using, political, used, style, making, statement, tweets, stop, trump, hbo, wants, trumps, game, thrones


HBO wants Trump to stop making 'Game of Thrones'-style tweets

In a more than 400-page report, Mueller’s team said it did not find evidence that the Trump campaign coordinated with the Kremlin. Attorney General William Barr and Deputy Attorney General Rod Rosenstein further determined that Mueller’s findings did not warrant an obstruction of justice offense.

As part of his victory lap Thursday morning, Trump tweeted an image using a font style that closely matches the title cards and credits used in HBO’s show.

“NO COLLUSION. NO OBSTRUCTION,” the text of the image reads. “FOR THE HATERS AND THE RADICAL LEFT DEMOCRATS — GAME OVER.”

HBO, a unit of AT&T, said in a statement that it doesn’t want Trump using the show, which clocked a record-high 17.4 million viewers during its season premiere, to suit his political agenda.

“Though we can understand the enthusiasm for Game of Thrones now that the final season has arrived, we still prefer our intellectual property not be used for political purposes,” an HBO spokesman said in a statement to CNBC.

Trump has aped the style and slogans of “Game of Thrones” before. He has shared at least two other photos in the past six months that borrow from the slogans and font style of the television series.

In November, Trump promoted his administration’s promised sanctions against Iran by tweeting “SANCTIONS ARE COMING NOVEMBER 5” — a clear reference to the phrase “Winter is coming” popularized by the show.

“We were not aware of this messaging and would prefer our trademark not be misappropriated for political purposes,” HBO told CNBC at the time. The network’s official Twitter account later suggested Trump misused its trademark.

In January, Trump’s Instagram account posted a similar photo — this one apparently meant to promote Trump’s long-held campaign promise to build a wall along the U.S.-Mexico border.

The White House did not immediately respond to a request for comment regarding HBO’s statement.

WATCH: What it costs to eat like The Mountain will shock you


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: kevin breuninger, saul loeb, afp, getty images
Keywords: news, cnbc, companies, slogans, thronesstyle, using, political, used, style, making, statement, tweets, stop, trump, hbo, wants, trumps, game, thrones


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HUD moves to require carbon monoxide detectors in public housing after deaths

The Department of Housing and Urban Development is drafting the first federal rule requiring carbon monoxide detectors in public housing, after an NBC News investigation revealed the lack of protections for millions of low-income residents. At least 13 people have died from the hazardous gas in federally subsidized housing since 2003, NBC News found. About half of states require carbon monoxide detectors in some housing, but those rules don’t always apply to older rental properties, and the regu


The Department of Housing and Urban Development is drafting the first federal rule requiring carbon monoxide detectors in public housing, after an NBC News investigation revealed the lack of protections for millions of low-income residents. At least 13 people have died from the hazardous gas in federally subsidized housing since 2003, NBC News found. About half of states require carbon monoxide detectors in some housing, but those rules don’t always apply to older rental properties, and the regu
HUD moves to require carbon monoxide detectors in public housing after deaths Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: suzy khimm, saul loeb, afp, getty images
Keywords: news, cnbc, companies, public, subsidized, detectors, hud, required, carbon, require, monoxide, rule, moves, deaths, housing


HUD moves to require carbon monoxide detectors in public housing after deaths

The Department of Housing and Urban Development is drafting the first federal rule requiring carbon monoxide detectors in public housing, after an NBC News investigation revealed the lack of protections for millions of low-income residents.

At least 13 people have died from the hazardous gas in federally subsidized housing since 2003, NBC News found.

The new requirement will go through the federal rulemaking process, which means it could be months, at a minimum, before it’s implemented.

“A simple, inexpensive, widely available device can be the difference between life and death,” HUD Secretary Ben Carson said in a statement on Thursday, announcing the agency’s plans to move forward with the new requirement in both publicly and privately owned HUD housing.

“Given the unevenness of state and local law, we intend to make certain that CO detectors are required in all our housing programs, just as we require smoke detectors, no matter where our HUD-assisted families live,” Carson added.

About half of states require carbon monoxide detectors in some housing, but those rules don’t always apply to older rental properties, and the regulations are sporadically enforced.

HUD currently does not require carbon monoxide detectors in public housing, despite past deaths and federal recommendations for all households with fuel-fired appliances or attached garages to install the devices. The new rule would apply to federally subsidized public housing that meets those guidelines.

HUD said that it would use a formal rulemaking process to require the carbon monoxide detectors. That means the agency must release the proposed rule for public comment and respond to the input before it can take effect — a process that typically takes months, sometimes years.

In the meantime, HUD is encouraging landlords of federally subsidized housing “to make certain they have working CO detectors in all their housing units/buildings” in states where the devices are required. HUD also “strongly encourage[s]” landlords to install detectors to protect residents in places where the detectors are not required by state or local law, the agency said in a notice released Thursday.

“Because it is impossible to see, taste or smell the toxic fumes, CO can kill you before you are aware it is in your home,” HUD said in the notice. Because of this, the memo continued, “a device — a CO detector — is necessary to determine the presence of high and dangerous concentrations of CO in a residence.”


Company: cnbc, Activity: cnbc, Date: 2019-04-18  Authors: suzy khimm, saul loeb, afp, getty images
Keywords: news, cnbc, companies, public, subsidized, detectors, hud, required, carbon, require, monoxide, rule, moves, deaths, housing


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Waste Management to buy Advanced Disposal for about $3 billion in cash

Waste Management said on Monday it would buy smaller rival Advanced Disposal Services for about $3 billion, as the top waste management services provider looks to expand its footprint in the eastern United States. The offer of $33.15 represents a premium of about 22 percent to Advanced Disposal’s closing price of $27.14 on Friday and would be Waste Management’s biggest acquisition in more than nine years. Houston-based Waste Management provides waste management environmental services, and owned


Waste Management said on Monday it would buy smaller rival Advanced Disposal Services for about $3 billion, as the top waste management services provider looks to expand its footprint in the eastern United States. The offer of $33.15 represents a premium of about 22 percent to Advanced Disposal’s closing price of $27.14 on Friday and would be Waste Management’s biggest acquisition in more than nine years. Houston-based Waste Management provides waste management environmental services, and owned
Waste Management to buy Advanced Disposal for about $3 billion in cash Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: saul loeb, afp, getty images
Keywords: news, cnbc, companies, provides, waste, buy, expected, solid, management, disposal, advanced, united, billion, services, landfills, states, cash


Waste Management to buy Advanced Disposal for about $3 billion in cash

Waste Management said on Monday it would buy smaller rival Advanced Disposal Services for about $3 billion, as the top waste management services provider looks to expand its footprint in the eastern United States.

The offer of $33.15 represents a premium of about 22 percent to Advanced Disposal’s closing price of $27.14 on Friday and would be Waste Management’s biggest acquisition in more than nine years.

The acquisition is expected to generate more than $100 million in savings and capital expenditures annually after close, which is expected by the first quarter of 2020.

Houston-based Waste Management provides waste management environmental services, and owned or operated 247 solid waste landfills and five secure hazardous waste landfills as of December 2018.

Advanced Disposal, based in Ponte Vedra, Florida, is the fourth-largest solid waste company in the United States and provides non-hazardous solid waste collection, transfer, recycling and disposal services in 16 states and the Bahamas.

Advanced Disposal had a net debt of about $1.9 billion, Waste Management said.

The Wall Street Journal was the first to report that the companies were in deal talks.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: saul loeb, afp, getty images
Keywords: news, cnbc, companies, provides, waste, buy, expected, solid, management, disposal, advanced, united, billion, services, landfills, states, cash


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Social media firms told not to let children use the ‘like’ button in new UK proposals

“The employment of nudge techniques in the design of online services can be used to encourage users, including children, to provide an online service with more personal data than they would otherwise volunteer,” it added. “Similarly, it can be used to lead users, particularly children, to select less privacy enhancing choices when personalizing their privacy settings. It is in social media firms’ interest to have people spend more time on their apps as they can collect data on what they do as we


“The employment of nudge techniques in the design of online services can be used to encourage users, including children, to provide an online service with more personal data than they would otherwise volunteer,” it added. “Similarly, it can be used to lead users, particularly children, to select less privacy enhancing choices when personalizing their privacy settings. It is in social media firms’ interest to have people spend more time on their apps as they can collect data on what they do as we
Social media firms told not to let children use the ‘like’ button in new UK proposals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lucy handley, saul loeb, afp, getty images
Keywords: news, cnbc, companies, used, uk, techniques, online, media, told, services, privacy, data, ico, children, button, social, let, firms, proposals, users


Social media firms told not to let children use the 'like' button in new UK proposals

“The employment of nudge techniques in the design of online services can be used to encourage users, including children, to provide an online service with more personal data than they would otherwise volunteer,” it added.

“Similarly, it can be used to lead users, particularly children, to select less privacy enhancing choices when personalizing their privacy settings. Or spend more time than they intend on a particular service.”

Using such techniques are “based on the exploitation of human psychological bias” and go against the General Data Protection Regulation (GDPR), a European data law that came into effect in May 2018, the ICO says.

It is in social media firms’ interest to have people spend more time on their apps as they can collect data on what they do as well as attract advertising. For example, Snapchat’s new ad-supported gaming platform was welcomed by advertisers as a way to increase the time spent on the app when parent company Snap announced new functions earlier this month.

The ICO’s document also makes the case for social media firms to have location options off by default when children are using their apps, as well as make their services “high privacy” by default. The ICO also published research showing that teenagers would prefer higher privacy settings. “Everything should be set to private and then you can change it for what you want to share,” one teen said.

Under the U.K.’s Data Protection Act 2018, the ICO is required to produce a code of practice for online firms to follow when designing for children, including services that are likely to process their personal data. Companies that break the law face fines of up to £17 million ($22.3 million), or 4 percent of global turnover.

The draft code of practice is out for consultation until May 31 and is expected to come into effect before the end of the year.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lucy handley, saul loeb, afp, getty images
Keywords: news, cnbc, companies, used, uk, techniques, online, media, told, services, privacy, data, ico, children, button, social, let, firms, proposals, users


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Social media firms told not to let children use the ‘like’ button in new UK proposals

“The employment of nudge techniques in the design of online services can be used to encourage users, including children, to provide an online service with more personal data than they would otherwise volunteer,” it added. “Similarly, it can be used to lead users, particularly children, to select less privacy enhancing choices when personalizing their privacy settings. It is in social media firms’ interest to have people spend more time on their apps as they can collect data on what they do as we


“The employment of nudge techniques in the design of online services can be used to encourage users, including children, to provide an online service with more personal data than they would otherwise volunteer,” it added. “Similarly, it can be used to lead users, particularly children, to select less privacy enhancing choices when personalizing their privacy settings. It is in social media firms’ interest to have people spend more time on their apps as they can collect data on what they do as we
Social media firms told not to let children use the ‘like’ button in new UK proposals Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lucy handley, saul loeb, afp, getty images
Keywords: news, cnbc, companies, social, ico, users, proposals, told, firms, data, uk, children, services, online, used, techniques, privacy, media, button, let


Social media firms told not to let children use the 'like' button in new UK proposals

“The employment of nudge techniques in the design of online services can be used to encourage users, including children, to provide an online service with more personal data than they would otherwise volunteer,” it added.

“Similarly, it can be used to lead users, particularly children, to select less privacy enhancing choices when personalizing their privacy settings. Or spend more time than they intend on a particular service.”

Using such techniques are “based on the exploitation of human psychological bias” and go against the General Data Protection Regulation (GDPR), a European data law that came into effect in May 2018, the ICO says.

It is in social media firms’ interest to have people spend more time on their apps as they can collect data on what they do as well as attract advertising. For example, Snapchat’s new ad-supported gaming platform was welcomed by advertisers as a way to increase the time spent on the app when parent company Snap announced new functions earlier this month.

The ICO’s document also makes the case for social media firms to have location options off by default when children are using their apps, as well as make their services “high privacy” by default. The ICO also published research showing that teenagers would prefer higher privacy settings. “Everything should be set to private and then you can change it for what you want to share,” one teen said.

Under the U.K.’s Data Protection Act 2018, the ICO is required to produce a code of practice for online firms to follow when designing for children, including services that are likely to process their personal data. Companies that break the law face fines of up to £17 million ($22.3 million), or 4 percent of global turnover.

The draft code of practice is out for consultation until May 31 and is expected to come into effect before the end of the year.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: lucy handley, saul loeb, afp, getty images
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Dems send letter demanding info on Trump plan to release immigrants

Top Democrats in the House of Representatives on Monday sent a letter to the White House and the Department of Homeland Security demanding documents related to the Trump administration’s plan to release detained immigrants in cities that shelter undocumented immigrants. And a former DHS official told NBC News that the White House dropped the plan after it was deemed “so illegal.” The representatives are seeking documents between November 2018 and April 15, 2019, and gave the White House until Ma


Top Democrats in the House of Representatives on Monday sent a letter to the White House and the Department of Homeland Security demanding documents related to the Trump administration’s plan to release detained immigrants in cities that shelter undocumented immigrants. And a former DHS official told NBC News that the White House dropped the plan after it was deemed “so illegal.” The representatives are seeking documents between November 2018 and April 15, 2019, and gave the White House until Ma
Dems send letter demanding info on Trump plan to release immigrants Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: tucker higgins, saul loeb, afp, getty images
Keywords: news, cnbc, companies, white, rejected, president, immigrants, security, trump, dems, officials, demanding, info, house, letter, send, plan, democrats, release, dhs


Dems send letter demanding info on Trump plan to release immigrants

Top Democrats in the House of Representatives on Monday sent a letter to the White House and the Department of Homeland Security demanding documents related to the Trump administration’s plan to release detained immigrants in cities that shelter undocumented immigrants.

The plan, which was rejected twice in the past year, was confirmed to be still in the works by President Donald Trump last week after its existence was first reported by The Washington Post.

In a post Monday on Twitter, the president said the plan was moving forward, writing in a tweet that “Illegal Immigrants who can no longer be legally held (Congress must fix the laws and loopholes) will be, subject to Homeland Security, given to Sanctuary Cities and States!”

The announcement that the plan was still under consideration marked a dramatic reversal from the stance other administration officials had taken.

One DHS official told reporters Thursday that the plan “was a suggestion that was floated and rejected, which ended any further discussion.” And a former DHS official told NBC News that the White House dropped the plan after it was deemed “so illegal.”

Now Democrats are seeking emails between the White House and DHS officials, as well as documents “discussing policy or legal justifications or implications” for the plan, according to the letter, which is signed by the chairs of the Judiciary, Oversight and Homeland Security committees.

“Not only does the Administration lack the legal authority to transfer detainees in this manner, it is shocking that the President and senior Administration officials are even considering manipulating release decisions for purely political reasons,” wrote Reps. Jerry Nadler, D-N.Y., Elijah Cummings, D-Md., and Bennie Thompson, D-Miss.

The representatives are seeking documents between November 2018 and April 15, 2019, and gave the White House until May 3 to make them available. The letter was sent to Mick Mulvaney, acting chief of staff, and Acting DHS Secretary Kevin McAleenan.

The report in the Post noted that the plan was dismissed twice in the last six months after legal officials rejected it and also raised concerns that it could heighten public relations problems.

It said the plan sought to penalize Democrats whose congressional districts were located in so-called sanctuary cities, including House Speaker Nancy Pelosi, who represents parts of San Francisco. Trump has said that Democrats should be “very happy” about the plan.

The White House did not immediately provide comment.


Company: cnbc, Activity: cnbc, Date: 2019-04-15  Authors: tucker higgins, saul loeb, afp, getty images
Keywords: news, cnbc, companies, white, rejected, president, immigrants, security, trump, dems, officials, demanding, info, house, letter, send, plan, democrats, release, dhs


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