Data Collection: Media Company and Track Purchases

data collection: Treasurer Josh Frydenberg also indicated potential competition law changes on tech giants have been handed a report into digital platforms and their effect on data collection, privacy and the news media, according to Nine News Australia. Facebook has announced plans for a transnational currency called Libra, allowing the social media company to track users' purchases along with all the other data it already collects from mobile devices. To improve your experience update it to monitor Facebook's currency By AAP4 30pm Jul 8, regulators will make sure local consumers will be protected with checks and balances on Facebook's plans for a new online currency. In terms of new cryptocurrencies and new payment systems and the like, we obviously welcome these developments, and we've been encouraging the Fin Tech sector and doing a lot of work with them, Mr Frydenberg told reporters in Melbourne on Monday. The Australian Competition and Consumer Commission last week handed in its final report on digital platforms, with a key focus being the dominant market power Google and Facebook have in online advertising and data collection. The Libra initiative, that will be assessed by the regulators and obviously you do need to have the right checks and balances. (news.financializer.com). As reported in the news.