News That Matters

Tag: data

New Facebook app will pay users for their data

New Facebook app will pay users for their data

Technology
Facebook is launching a new app called Study which will pay users for their data following a series of scandals about the way the company acquires and handles users' data.The company was criticised earlier this year when it was revealed to have paid children as young as 13 to install software on their phones which allowed it to collect data on how they used its competitors' apps. Facebook disputed that the app "spied" on users as they had consented to its terms which allowed it access to every bit of activity on a phone - and participants were paid.It added that parental consent had been received for the children who installed it.The controversial programme was shut down following outcry over the app, which was only available on Android phones. ...
Would you recognise yourself from your data?

Would you recognise yourself from your data?

Technology
The circular, grey robot vacuum gently bumps against against my feet. It stops, rotates and follows a skirting board along the kitchen, emitting a loud and unbroken drone.Throwing out beams of invisible light, it plots obstacles and walls, the narrowness of corridors and the expanses of open areas that it can then - gratefully - accelerate into. On a phone connected to it, a floor plan of the house is gradually drawn, inch by inch, bump by bump.As it quietly docks itself in its charger, the floor plan it has built leaves the vacuum and ends up on a cloud server in China. If you squint to read the device's Terms and Conditions, you'll learn that this plan might be shared (although not sold) to a variety of the manufacturer's partn...
Debit card PoS swipes rise 27% as per RBI data

Debit card PoS swipes rise 27% as per RBI data

Finance
BENGALURU: Indians are increasingly using their debit cards to pay merchants directly. As per data from the Reserve Bank of India, debit card swipes on Point of Sales (PoS) terminals jumped more than 27% in March 2019 compared to corresponding period last year. In contrast, ATM withdrawals grew at a slower pace of 15%. In absolute terms, debit card swipes for March stood at 407 million almost half of ATM withdrawals at 891 million. At a lower base, debit card payments for merchant transactions have gone up more than 250% between March 2019 and 2016. In contrast the total number of ATM withdrawals has remained constant over the last couple of years hovering in the range of 800 million per month. The biggest push to debit card payments for merchant transactions took place when the government...

Facebook sues analytics firm Rankwave over alleged data misuse

Technology
Facebook is suing a South Korean firm it accuses of unlawfully using data to sell marketing and advertising.The social network is asking a judge to force Rankwave to allow it to audit the firm’s activities to see if user data was obtained and potentially sold. A source at Facebook told the BBC it was as yet unable to say how much data or how many users may be affected.The network said the move would "send a message to developers that Facebook is serious about enforcing our policies". "Facebook was investigating Rankwave’s data practices in relation to its advertising and marketing services," said Jessica Romero, Facebook's director of platform enforcement. "Rankwave failed to co-operate with our efforts to verify their complianc
Earnings and data could be proof that slowdown fears were overblown

Earnings and data could be proof that slowdown fears were overblown

Finance
Earnings season shifts into a higher gear in the week ahead, as investors also watch for fresh economic data that could show that the economy is pulling out of a temporary rut. Amazon, Boeing, Microsoft and ExxonMobil are among more than 140 S&P 500 companies reporting quarterly results. According to Refinitiv, 74% of the companies reporting so far have beaten expectations. Based on forecasts and actual reports, earnings for the S&P 500 as a whole are expected to decline 1.7%, the first negative quarter in three years. Some forecasters had projected an earnings decline of 4% or more. The equivalent of the economy's first-quarter report ...