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Meta fined €265M by Ireland’s DPC

Ireland’s Data Protection Commission (DPC) just announced it is fining Meta €265 million (US $276 million) for GDPR non-compliance due to data scraping. This brings Meta’s 2022 total fines from the DPC to almost €700 million. The DPC oversees the company because it is headquartered in Ireland. And, reports are that more Meta fines may be announced there soon. This fine was for a 2021 breach that affected more than a half million records and resulted in personal data surfacing on a public forum and circulating widely on the web.

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Yahoo Buys 24.99% Stake in Taboola

November 29, 2022

Yahoo somehow feels they can predict the future well enough to sign thirty-year deal for Taboola to power Yahoo’s native content and ad targeting.  Yahoo will buy just under 25% of the company as part of the transaction.  Perspective: it’s one year since Yahoo was purchased by private equity investors; it’s two years since Taboola failed to consummate a planned merger with Outbrain; thirty years ago, neither firm existed.

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Major E-tax services are reportedly providing Meta financial profile data

November 29, 2022

The MarkUp and The Verge allege that H&R Block, TaxAct, TaxSlayer, and Ramsey Solutions have shared sensitive personal and financial user data with Meta via Meta Pixel, a JavaScript code snippet embedded in websites. The exposed tax filer data includes income filing status, refund amounts, and college scholarship amounts, in addition to more basic identifying information. And, while the number of people affected hasn’t been confirmed, it is estimated in the tens of millions. Why? Apparently, the data is useful to feed Meta algorithms for ad targeting.

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Martech Spending Grows as Percentage of Marketing Budget: CMO Survey

April 26, 2024

Martech keeps taking larger bites out of marketing budgets: 17.3% last year, 19.9% this year, 23.5% next year, and 30.9% five years from now, according to the latest CMO Survey. This despite barely more than half (56.4%) of current tools being used and nearly half (48.8%) of the survey respondents reporting worse-than-expected results. Oddly enough, marketers rate selecting marketing technologies as the thing they do best.

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