EU hits Amazon with record-breaking $887M GDPR fine over data misuse

Luxembourg’s National Commission for Data Protection (CNPD) has hit Amazon with a record-breaking €746 million ($887m) GDPR fine over the way it uses customer data for targeted advertising purposes. Amazon disclosed the ruling in an SEC filing on Friday in which it slammed the decision as baseless and added that it intended to defend itself […]

Edtech’s venture-backed globalization pauses at China

U.S.-based edtech investors are increasingly going global, but recent regulatory crackdowns in China, which instructed local K-12 tutoring startups to go non-profit, have led to a chill among check-writers looking at the country. When I first started reporting on edtech over a year ago, U.S.-based investors often cited China as validation of the opportunity for […]

Facebook is shook, asks for removal of FTC Chair Khan from antitrust cases against it

Facebook has joined Amazon in a show of alarm at the sudden rise of antitrust hawk Lina Khan to the position of FTC Chair by asking that she be recused from all decisions relating to the company. The argument, more or less identical to Amazon’s, is that before her appointment, Khan was too outspoken about […]

What the growing federal focus on ESG means for private markets

Anthony Cimino Contributor Anthony Cimino, head of policy at Carta, works with policymakers and innovators to drive economic opportunity through expanding equity ownership and private market liquidity. The increasing regulation of ESG (environmental, social, governance) disclosure reporting may have started in the public markets, but will almost certainly have downstream effects for private market actors […]

Controversial WhatsApp policy change hit with consumer law complaint in Europe

Facebook has been accused of multiple breaches of European Union consumer protection law as a result of its attempts to force WhatsApp users to accept controversial changes to the messaging platforms’ terms of use — such as threatening users that the app would stop working if they did not accept the updated policies by May […]

German government bodies urged to remove their Facebook Pages before next year

Germany’s federal information commissioner has run out of patience with Facebook. Last month, Ulrich Kelber wrote to government agencies “strongly recommend[ing]” they to close down their official Facebook Pages because of ongoing data protection compliance problems and the tech giant’s failure to fix the issue. In the letter, Kelber warns the government bodies that he […]

Google tightens UK policy on financial ads after watchdog pressure over scams

The U.K.’s more expansive, post-Brexit role in digital regulation continues to be felt today via a policy change by Google, which has announced that it will, in the near future, only run ads for financial products and services when the advertiser in question has been verified by the financial watchdog, the FCA. The Google Ads […]

LinkedIn formally joins EU Code on hate speech takedowns

Microsoft-owned LinkedIn has committed to doing more to quickly purge illegal hate speech from its platform in the European Union by formally signing up to a self-regulatory initiative that seeks to tackle the issue through a voluntary Code of Conduct. In statement today, the European Commission announced that the professional social network has joined the […]

EU puts out final guidance on data transfers to third countries

The European Data Protection Board (EDPB) published its final recommendations yesterday setting on guidance for making transfers of personal data to third countries to comply with EU data protection rules in light of last summer’s landmark CJEU ruling (aka Schrems II). The long and short of these recommendations — which are fairly long; running to […]

Apple’s App Store to face scrutiny in Germany as FCO opens ‘market power’ proceeding

Germany’s competition authority, the FCO, has completed its Big Tech GAFA ‘bingo’ card by opening a proceeding against Apple. As with similar investigations already opened this year — into Amazon, Facebook and Google — the proceeding will determine whether or not the iPhone maker meets the threshold of Germany’s updated competition law. The 10th amendment […]