Apple Boots Facebook Privacy App for Violating Privacy
*By Carlo Versano*
Apple instructed Facebook to remove an app that lets users redirect their mobile data through a VPN managed by Facebook servers, saying the software violated new rules Apple put in place to limit the data developers can collect.
The iPhone maker's demand to remove Onavo Protect ー which is ostensibly designed to protect user privacy ー for being too broad in how it tracks those users is a blow to Facebook as the social media giant grapples with new controversies related to its ad model, privacy, and the distortion of the platform by bad actors. The story was first reported late Wednesday by the [Wall Street Journal](https://www.wsj.com/articles/facebook-to-remove-data-security-app-from-apple-store-1534975340).
Apple said in a statement that it "made it explicitly clear that apps should not collect information about which other apps are installed on a user’s device for the purposes of analytics or advertising/marketing and must make it clear what user data will be collected and how it will be used.”
Facebook told the Journal, “We’ve always been clear when people download Onavo about the information that is collected and how it is use."
The company also removed another app, mostly out of use since 2012, that it said may have mishandled the personal data of about 4 million users. The "myPersonality" app is the second casualty of Facebook's app auditing process, which it instituted amid the fallout from Cambridge Analytica.
Meanwhile, Facebook's partnership lead Dan Rose, one of the company's first executives, [announced](https://www.facebook.com/drose/posts/10105190309509931) Wednesday that he is leaving the company. His departure comes after communications chief Elliot Schrage [vacated his post](https://variety.com/2018/digital/news/facebook-elliot-schrage-departure-1202846683/) in July after the Cambridge Analytica scandal, and chief security officer Alex Stamos [stepped down](https://www.businessinsider.com/alex-stamos-is-leaving-facebook-2018-3) at the start of this month.
The crypto industry is still reeling from Terra's recent crash. The company's blockchain was temporarily halted earlier this month after the collapse of its cryptocurrency Luna (LUNA) and its stablecoin TerraUSD (UST), which led to almost $45 billion being wiped from the tokens' market caps within a week. Now, many are left wondering what Terra's struggles mean for the broader crypto market. Reeve Collins, CEO of the NFT platform BLOCKv, joins Cheddar News' Closing Bell from Davos 2022 to discuss.
China's largest ride-hailing company will no longer be listed on the world's largest stock exchange. Didi shareholders voted on Monday to delist from the New York Stock Exchange, less than a year after launching a $4.4 billion IPO with the most significant U.S. share offering by a Chinese company since Alibaba debuted in 2014. Since going public in June of last year, around $70 billion has been wiped from Didi's market value and shares of the company have dropped nearly 90%. Now, Didi is expected to begin preparations to list in Hong Kong. Kevin T. Carter, founder and Chief Investment Officer of EMQQ Global, joins Cheddar News' Closing Bell to discuss.
Ahead of the Meta shareholder meeting, more than five hundred doctors have jointly sent a letter to investors to hold the Facebook parent accountable for the risks its platforms have posed to the public and mental health. Dr. Rob Davidson, a West Michigan ER physician and executive director of the Committee to Protect Health Care, joined Cheddar News to discuss how medical professionals are coming together to highlight the social media giant's spread of misinformation, especially during the pandemic. "We've seen the direct impacts of misinformation and disinformation that spreads like wildfire on the social media platforms," he said. "Our goal with this letter is to try to get the shareholders of Meta to convince leadership that they need to do a better job."
Snap downgraded its earnings and revenue expectations for the second quarter, saying the "macroeconomic environment" has deteriorated faster than the company anticipated. The warning sent shockwaves through the digital ad industry, dragging down a handful of other tech stocks, including Pinterest, Meta, and Twitter. Daniel Cobb, CEO and Chief Strategy Officer of Daniel Brian Advertising, joined Cheddar to discuss the reason behind this warning, and why it's bringing so many social media stocks down.
