Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook Inc    FB

FACEBOOK INC

(FB)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

FTC Reaches Settlement With Flo Health Over Fertility-Tracking App

01/13/2021 | 03:31pm EST

By John D. McKinnon

WASHINGTON -- The Federal Trade Commission reached a settlement with Flo Health Inc., the developer of a widely used period and fertility-tracking app, over allegations that it improperly shared personal data with Facebook and others, including whether users were ovulating.

The data shared by Flo Health often allowed online ads to be targeted to those users, despite Flo Health's promises that the information would be kept private, The Wall Street Journal found in a 2019 article.

The FTC's vote on the proposed settlement was 5-0, the agency said Wednesday. The proposed settlement with the FTC, if it becomes final following public comment, would require Flo Health to obtain an independent review of its privacy practices and get users' consent before sharing their health information, the agency said. The company also must notify consumers of the FTC charges that it shared consumers' personal information without their consent, commissioners said.

In a statement, a Flo spokesperson said the company cooperated with the FTC, adding, "We are committed to ensuring that the privacy of our users' personal health data is absolutely paramount."

The company emphasized that it didn't share users' names, addresses or birthdays, and that its agreement with the FTC wasn't an admission of wrongdoing but allowed it to "avoid the time and expense of litigation and...decisively put this matter behind us."

The FTC alleged in its complaint that Flo promised to keep users' data private, when it actually disclosed data to third parties that provided marketing and analytics services to the app, including Facebook's analytics division as well as Alphabet Inc.'s Google analytics division and others.

Facebook and Google didn't immediately respond to requests for comment.

Flo didn't stop disclosing this data until its practices were revealed in the 2019 Wall Street Journal article, according to the agency. The Journal's testing showed that Facebook software collected data from many apps even if no Facebook account was used to log in, and even if the end user wasn't a Facebook member.

The article prompted "hundreds" of complaints from users, the FTC said.

The FTC suggested that more such cases could be coming.

"Apps that collect, use and share sensitive health information can provide valuable services, but consumers need to be able to trust these apps," said Andrew Smith, director of the FTC's Bureau of Consumer Protection. "We are looking closely at whether developers of health apps are keeping their promises and handling sensitive health information responsibly."

Write to John D. McKinnon at john.mckinnon@wsj.com

(END) Dow Jones Newswires

01-13-21 1530ET

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.45% 1892.56 Delayed Quote.7.98%
FACEBOOK INC 0.60% 274.5 Delayed Quote.0.49%
GROUPE FLO -2.33% 0.168 Real-time Quote.-1.18%
PARAMOUNT CORPORATION 1.23% 0.82 End-of-day quote.-0.61%
All news about FACEBOOK INC
02:26aNETFLIX, PROCTER & GAMBLE, INTEL : Stocks That Defined the Week
DJ
01/22WALL STREET STOCK EXCHANGE : Dow, S&P 500 dragged lower by Intel, IBM
RE
01/22Tech shares could retake market reins as earnings heat up
RE
01/22Dow, S&P 500 Decline But Post Gains for the Week
DJ
01/22FACEBOOK : Gets Price-Target Lift at Oppenheimer Ahead of Q4 Results; Advertisin..
MT
01/22FACEBOOK : Oppenheimer Adjusts Facebook PT to $345 From $300, Maintains Outperfo..
MT
01/22PRESS RELEASE : Pfizer and BioNTech Reach Agreement with COVAX for Advance Purch..
DJ
01/22EU lawmakers want Amazon, Apple, Facebook, Google CEOs at Feb. 1 hearing
RE
01/22Reliance beats profit estimates as cost controls blunt oil hit
RE
01/22SUNDAR PICHAI : Alphabet's Pichai to hold video call with EU antitrust chief Jan..
RE
More news
Financials (USD)
Sales 2020 83 785 M - -
Net income 2020 27 084 M - -
Net cash 2020 60 362 M - -
P/E ratio 2020 29,2x
Yield 2020 -
Capitalization 782 B 782 B -
EV / Sales 2020 8,61x
EV / Sales 2021 6,76x
Nbr of Employees 56 653
Free-Float 83,8%
Chart FACEBOOK INC
Duration : Period :
Facebook Inc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FACEBOOK INC
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 51
Average target price 321,73 $
Last Close Price 274,50 $
Spread / Highest target 36,6%
Spread / Average Target 17,2%
Spread / Lowest Target -29,0%
EPS Revisions
Managers and Directors
NameTitle
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
FACEBOOK INC0.49%781 856
MATCH GROUP, INC.-6.74%38 432
TWITTER-12.98%37 383
LINE CORPORATION0.00%12 518
SINA CORPORATION1.65%2 564
NEW WORK SE-11.25%1 686