Search Results for: Whatsapp
FCA fines former investment banker for sharing confidential information over WhatsApp
March 30th, 2017
The Financial Conduct Authority (FCA) has today fined Christopher Niehaus, a former investment banker, £37,198 for sharing client confidential information over WhatsApp. The FCA found that Mr Niehaus failed to act with due skill, care and diligence. The FCA ...
Facebook Faces EU Scrutiny Over WhatsApp Purchase
December 21st, 2016
The European Union on Tuesday accused Facebook Inc. of giving “incorrect or misleading information” to investigators who were probing its purchase of chat app WhatsApp in 2014, a surprise charge that exposes the company to a hefty fine. The ...
Facebook Plan For WhatsApp Data Poses Legal Risks
August 29th, 2016
When WhatsApp announced on Thursday that it would start sharing data with its corporate parent, Facebook, some of its fans howled that the popular messaging service was betraying long-held promises to protect their privacy. But for the companies, angry users ...
Whatsapp adds end-to-end encryption
April 6th, 2016
Instant messaging service Whatsapp has announced it will encrypt all its users’ communications from Tuesday. With end-to-end encryption, messages are scrambled as they leave the sender’s device and can only be decrypted by the recipient’s device. It renders messages ...
WhatsApp to Drop Subscription Fee
January 19th, 2016
WhatsApp will scrap its subscription fee and explore ways that businesses can interact with the mobile messaging service’s users to make up for the lost revenue, its co-founder said Monday. The app previously had charged an annual renewal fee ...
Facebook $22 Billion WhatsApp Deal Buys $10 Million in Sales
October 30th, 2014
The numbers are in for Facebook Inc.’s acquisition of mobile-messaging application WhatsApp Inc.: The social network paid $22 billion for a startup that generated $10.2 million in revenue last year. In a regulatory filing yesterday, Facebook disclosed WhatsApp’s financial ...
Facebook seeks to buy WhatsApp
May 28th, 2014
Facebook Inc. (NASDAQ:FB) has asked the European Union to review its plan to buy Internet messaging service WhatsApp. The Wall Street Journal said on Wednesday that instead of risking long-term delay to individual country review of the deal, that ...
Facebook’s Libra cryptocurrency gets revamp in response to backlash
April 22nd, 2020
Facebook’s planned cryptocurrency Libra will be linked to individual national currencies and overseen by global watchdogs in a scaled-back revamp it hopes will win regulatory approval. The prospect of Facebook’s 2.5 billion users adopting Libra has led to intense ...
Beware of social media-based Forex fraud scheme
July 25th, 2019
Defendant to pay more than $2.9 Million in social media-based Forex fraud scheme. The Commodity Futures Trading Commission (CFTC) announced that U.S. District Court for the Southern District of Texas entered judgment against defendant Kelvin Ramirez of Houston, Texas ...
Apple faces investigation over GDPR compliance
July 4th, 2019
Apple’s main regulator in the European Union, Ireland’s Data Protection Commissioner (DPC), has opened a third privacy investigation into the iPhone maker over the last few weeks, a spokesman for the DPC said on Tuesday. The probe is examining ...
