Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn

Meta Platforms fined $14 million for Onavo privacy issues: Report

CointelegraphCointelegraph2023/07/26 06:15
By: Amaka Nwaokocha

The decision in an Australian court was driven by increasing concerns about illicit activities in the crypto market and the desire to safeguard investors.

An Australian court has reportedly ordered Meta Platforms, the owner of Facebook, to pay fines amounting to 20 million Australian dollars ($14 million) for collecting user data through a smartphone application, Onavo.

to a Reuters report, Australia’s Federal Court has ordered Meta, via its subsidiaries Facebook Israel and the discontinued app, Onavo, to reimburse AU$400,000 ($270,356) in legal costs to the Australian Competition and Consumer Commission (ACCC). The ACCC initiated the civil lawsuit against Meta, alleging that Onavo was promoted as a privacy protection tool but failed to reveal its data collection methods openly.

Facebook used Onavo to collect users’ location, time and frequency using other smartphone apps and websites they visited for its own advertising purposes, Judge Wendy Abraham said in a written judgment, according to the report.

Related:

Meta reportedly stated that the ACCC had recognized its lack of intent to mislead customers, and it emphasized its efforts in developing tools over the past few years to provide users with increased transparency and control over their data usage.

The imposed fine marks the conclusion of one aspect of Meta’s legal challenges in Australia concerning its management of user data, Reuters said. This involving Meta’s association with data analytics firm Cambridge Analytica during the 2016 United States presidential election.

However, Meta’s legal woes are not over yet, as it is reportedly also facing a civil court action by Australia’s Office of the Information Commissioner regarding its dealings with Cambridge Analytica, specifically in Australia.

Cointelegraph reached out to Meta for more information but did not receive a response by publication.

Magazine:

64

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

Dogs: There will be something for DOGS player on August 14th

Telegram2024/08/02 14:33

Flow Traders announces Q2 financial results: trading capital is 624 million euros, net trading income is 79.5 million euros

Cointime2024/07/26 07:10

Hamster News | July 23

X2024/07/24 05:14

A Physical Dogecoin Could Reach the Moon in December

Dogecoin community plans to send a physical token to the moon in a December mission by space payload transporter Astrobotic.

Coindesk2023/11/16 05:01

‌Spot copy trading

More
AIOnline
AIOnline
insight1000/1000
10454.69%
ROI
Total profit $53318.92
BitCoin
BitCoin
insight500/500
10731.39%
ROI
Total profit $10731.38

Bot copy trading

More
GoldenEgg
GoldenEgg
insight149/150
$212.68
Total profit
Total subscriber profits $-285.11
BGUSER-FFF8CNJ4
BGUSER-FFF8CNJ4
insight7/150
$174.34
Total profit
Total subscriber profits $97.94