Facebook Sues Marketing Firms Over Stealing User Data From It And Other Tech Giants

Facebook Inc (NASDAQ: FB) on Thursday filed a lawsuit against two companies for allegedly harvesting data from its users in an unauthorized fashion in the Superior Court of California, County of San Mateo.

What Happened: The Mark Zuckerberg-led company said in a statement the two companies scraped data from Facebook and Instagram.

The scraping operation also affected platforms run by Twitter Inc (NYSE: TWTR), Microsoft Corporation’s (NASDAQ: MSFT) LinkedIn, Amazon.com, Inc (NASDAQ: AMZN), and Alphabet Inc’s (NASDAQ: GOOGL) (NASDAQ: GOOG) YouTube, as per Facebook.

The Menlo Park-based social network giant said that the two companies — Israel-based BrandTotal Ltd and Delaware-incorporated Unimania Inc — allegedly took to scraping the web portals in order to sell marketing intelligence and other services.

Why It Matters: Scraping refers to data collection through unauthorized automation that targets a website or an app.

The social media behemoth said that the two companies purportedly used browser

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The 3 Tech Giants That Are Driving The 2020 Stock Market

We have finally come to one of the most anticipated and what will likely be one of the most entertaining events of 2020, the Presidential debate between candidate Joe Biden and the incumbent President Donald Trump. Grab your popcorn because if nothing else, this debate is going to be entertaining to watch. Tune in at 9 P.M. ET.

The markets are getting pre-debate jitters today, letting go of some of yesterday’s gains, and leaving room for market action tomorrow. Almost every sector traded lower today, with the exception of communication services.

The fear index, aka the VIX, is elevated back up off August’s lull. Investors and traders are back at the edge of their seats in anticipation of what changes this election may bring to the equity markets. Still, the trend in market fear remains downward sloping from its peak in March.

Recent Stock Activity 

The S&P 500 bounced hard

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Mineral Cosmetic Market- Major Technology Giants in buzz Again | Lanxess, Clariant, Huntsman, Merck, ECKART

The MarketWatch News Department was not involved in the creation of this content.

Sep 29, 2020 (Market Insight Reports) —
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Summary This report includes market status and forecast of global and major regions, with introduction of vendors, regions, product types and end industries; and this report counts product types and end industries in global and major regions. The report includes as

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Tech giants are ignoring questions over the legality of their EU-US data transfers

A survey of responses from more than 30 companies to questions about how they’re approaching EU-US data transfers in the wake of a landmark ruling (aka Schrems II) by Europe’s top court in July, which struck down the flagship Privacy Shield over US surveillance overreach, suggests most are doing the equivalent of burying their head in the sand and hoping the legal nightmare goes away.

European privacy rights group, noyb, has done most of the groundwork here — rounding up in this 45-page report responses (some in English, others in German) from EU entities of 33 companies to a set of questions about personal data transfers.

It sums up the answers to the questions about companies’ legal basis for transferring EU citizens’ data over the pond post-Schrems II as “astonishing” or AWOL — given some failed to send a response at all.

Tech companies polled on the issue run the

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Connectivity Enabling Technology Market – Major Technology Giants in Buzz Again | Honeywell,Switchcrsft,GC Electronics

The MarketWatch News Department was not involved in the creation of this content.

A new research study from JCMR with title Global Connectivity Enabling Technology Market Research Report 2029 provides an in-depth assessment of the Connectivity Enabling Technology including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies & strategies. The research study provides forecasts for Connectivity Enabling Technologyinvestments till 2029.
The report does include most recent post-pandemic market survey on Connectivity Enabling Technology Market.

Competition Analysis : Honeywell,Switchcrsft,GC Electronics,TE Connectivity,E-Switch,Cherry,C&K Components,NKK Switches,Grayhill,Apem,CW Industries,Bulgin,ITW,Eaton,OTTO,Schurter,Panasonic,Siemens,

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Can Media and Tech Giants Avoid Becoming Russian Tools in 2020?

With the election just 39 days away, major tech and media organizations are wrestling with how to avoid a repeat of 2016. From mass bans targeting the Kremlin’s social media-bot networks on sites like Facebook, to news outlets like the Washington Post preparing its reporters to stay vigilant when receiving purportedly leaked information, there appears to be an attempt this time around to not become “a de facto instrument of Russian intelligence,” as the New York Times once put it.

Facebook announced this week that it had discovered and shut down two separate disinformation networks run by Russian “military intelligence services.” The social media giant also took out a third network that had ties to the same internet troll farm that was involved in the 2016 election-tampering operations. “We removed 214 Facebook users, 35 Pages, 18 Groups and 34 Instagram accounts for violating our policy against foreign or government interference

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After boycotts, advertisers and social media giants agree on steps to curb hate speech

(Reuters) — Facebook, YouTube, and Twitter have agreed on first steps to curb harmful content online, big advertisers announced on Wednesday, following boycotts of social media platforms accused of tolerating hate speech.

Under the deal, announced by the World Federation of Advertisers, common definitions would be adopted for forms of harmful content such as hate speech and bullying, and platforms would adopt harmonized reporting standards. The deal comes less than six weeks before a polarizing U.S. presidential election.

Three months ago, major advertisers boycotted Facebook in the wake of anti-racism demonstrations that followed the death of George Floyd, an American Black man, in police custody in Minneapolis.

Advertisers have complained for years that big social media companies do too little to prevent ads from appearing alongside hate speech, fake news, and other harmful content. Big tech companies have begun taking steps to fend off calls for more regulation.

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South Korea tech giants expanding robotics amid COVID-19

Sept. 23 (UPI) — South Korea’s biggest tech companies are investing in robotics as a solution to the risks of human contact amid the coronavirus pandemic.

Service robots could soon reduce the number of jobs in restaurants and hotels, however.

LG Electronics is expanding its robot business and introducing new technology in hotels that eliminates the need for human servers, South Korean news service EDaily reported Wednesday.

The company will soon introduce a robot that pours draft beer for guests at the Mayfield Hotel buffet in Seoul, according to the report.

Robots could replace workers in other areas of the hotel, including people who work in outdoor delivery, food and beverage, and even concierge services.

LG Electronics, part of the fourth-biggest conglomerate in South Korea, LG Corp., is positioned to install robots in a variety of locations, including in apartment complexes, on university campuses and playgrounds. An LG affiliate is

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EU seeks new powers to police technology giants in Europe

The European Union is seeking new powers to police and penalize technology giants, like Apple, if their market dominance appears to threaten consumers or smaller rivals.

In recent years, the EU has stepped up efforts to curb the power of tech giants. In July, the EU announced plans to impose new tax, privacy, and online content rules.

Now, Brussels is seeking new powers to take on tech giants, including the ability to compel tech giants to break up, sell their European operations, or exclude companies from a single market altogether, The Financial Times reported on Monday.

Additionally, the EU is also mulling a rating system that could allow stakeholders and the public to assess a tech giant’s behavior in areas such as tax compliance and the speed at which they take down questionable content.

EU commissioner Thierry Breton, who is spearheading the new rules, told FT that some of those

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