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.
Melissa Gonzalez, CEO and Founder of The Lionesque Group, joins Cheddar News' Closing Bell, where she explains why she feels mixed about the Walmart's new initiative and what will make mass adoption of this offering difficult.
Exercise equipment maker Peloton is attempting to run away from a recent bout of controversy. CEO John Foley published an open letter to employees on Thursday after reports that said Peloton was pausing production of its Bike and Tread products, delaying the opening of a new U.S. factory, and considering job cuts. In the letter, Foley wrote that the information in the reports was 'incomplete,' 'out of context,' and not reflective of Peloton's strategy. Peloton's stock responded on Friday, with shares bouncing back after falling nearly 24% in the regular session on Thursday. CFRA Research's Director of Research Ken Leon joined Cheddar News' Closing Bell to discuss.
Home essentials maker Outlines announced its launch at the beginning of 2022, along with $1 million in pre-seed funding led by Social Impact Capital. Outlines says it is re-imagining how we keep our homes clean while also reducing plastic waste. The company's debut product, the Shower Liner System, is made of long-lasting materials, including easy-to-recycle plastic. Outlines co-founder and CEO Luke Young and co-founder and COO Megan Ceryanec joined Cheddar News' Closing Bell to discuss.
eToro, the social trading platform that offers crypto, forex, and equities, recently announced that it's giving U.S. users the option to include stocks and ETFs as part of their investment portfolios. Lule Demmissie, CEO of eToro U.S., joined Cheddar to talk about the company’s expanded offerings. "We felt, although crypto is a fantastic asset class, that individuals benefit from having a broader access to different kinds of investments, and equities is definitely one of them," Demmissie noted.
Coming off of CES, Blink Charging announced a partnership with legacy automaker General Motors to provide charging stations for its newest electric cars. The company specializes in stations they own and operate that also accommodate residential and commercial locations. Michael D. Farkas, founder and CEO, noted that they "don’t discriminate” when it comes to locating their chargers while also taking the philosophy of seeing their hardware more like hot water heaters rather than smartphones constantly in need of upgrading. "We believe it's one of the reasons why we were selected by GM," Farkas said. "These dealerships have to invest in these locations and make sure that this hardware is workable for a very, very long period of time."
Simeon Siegel, managing director and senior analyst at BMO Capital Markets joins Cheddar News to discuss CNBC's report that Peloton plans to halt production, despite the company's CEO denying those claims.
Jackie Rotman, founder and CEO of the Center for Intimacy Justice joins Cheddar News to talk about why Facebook is banning ads by companies targeting women's sexual health but not ads catered to men.
TikTok recently announced that it is testing a paid subscription model. The news comes days after Instagram publicized a similar service. TikTok has made $2.3 billion from in-app purchases, but mostly through tips, in 2021, showing that its users may be open to spending money on the platform.
Netflix beat its earnings projections for Q4 — but the stock still plummeted as the streaming pioneer cut back on its forecast for future subscribers. Michael Robinson, the chief technology strategist at Money Map Press, joined Cheddar to discuss the report and what's driving the downward pressure on its shares. "It's the growth is really what's worrying people," he said. "'A' we have slowing economic growth, and 'B' we've got slowing growth for this company, as 'C' we have an increase in competition."
