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Day: February 8, 2019

Facebook to Appeal mGerman Ruling that Third-Party Customer Data Cannot Be Used to Target Ads

German authorities ruled Thursday that Facebook should not be allowed to use customer data from other apps and websites to help target advertisements shown on their Facebook pages without their explicit consent, saying it was exploiting its dominant position in social media. The Federal Cartel Office, or Bundeskartellamt, said Facebook was guilty of “exploitative abuse” […]

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Twitter Shares Drop 10% as Revenue Outlook Disappoints

Shares in Twitter have fallen 10% after the social media company’s revenue forecast fell short of expectations. Revenue for the first quarter of 2019 is now expected to be between $715m and $775m, below analysts’ forecasts. Twitter also warned that its operating costs could rise 20% in 2019. The share fall came despite the company […]

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