Monthly Archives: July 2022

New documents reveal ‘huge’ scale of US government’s cell phone location data tracking

The Department of Homeland Security (DHS) used mobile location data to track people’s movements on a much larger scale than previously known, according to new documents unearthed by the American Civil Liberties Union (ACLU). It’s no secret that U.S. government agencies have been obtaining and using location data collected by Americans’ smartphones. In early 2020,…

Meta’s Giphy deal lives to fight another day: competition appeals tribunal blocks forced sale on disclosure grounds

Facebook parent Meta’s been putting up a strong fight appealing the UK antitrust decision investigating and ultimately ordering Meta to sell Giphy, the GIF marketplace that it acquired back in May 2020 for around $315 million; and now it has gotten a small stay of execution: the UK’s Competition Appeal Tribunal has sent the case…

PS5 lawsuit claims Sony knowingly hid a major defect in the console

Sony is facing a class action lawsuit regarding a game-crashing PS5 defect. But do the accusations hold any weight? Plaintiff Christina Trejo of Illinois filed the lawsuit after discovering the PS5 was prone to shutting down entirely during gameplay. The court documentation states that the defect “affects users’ ability to play video games and compromises…

JPMorgan, Citi, and Wells Fargo report strong Q2 earnings but brace for potential economic downtown

JPMorgan, Citi, and Wells Fargo reported strong card spending in Q2. Record inflation may have augmented Q2’s volume growth—higher prices mean more spending on a dollar-for-dollar basis. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Payments & Commerce industry. Learn more about becoming a client. The news: Card issuers reported strong volume growth…