Industry

Apple announced in early April that it will soon be rolling out its new privacy notification for users who download any app from its store. The company didn’t give a specific launch date but said that it would happen “in the coming weeks” according to Reuters. 

Apple has created a one-time notice that requires an app developer to ask for the user’s consent before the app is able to track personal data and share it with third parties, according to Reuters. CEO Tim Cook described the notification in a podcast with tech journalist Kara Swisher, saying it will appear as a short checklist of how the app will use data, to make it easier and more transparent than sifting through the standard pages-long privacy policies that most people do not read. 

Digital advertisers and app developers are worried that the notification would cause many more users to decline permissions. 

Governor Doug Ducey of Arizona just signed into law a bill that requires online dating companies to inform their users when they have communicated with potential scammers, according to a report from Fox 10 News.

The bill HB2396 was sponsored by Republican lawmaker Regina Cobb of Kingman, Arizona, and requires dating services to inform its members if someone they had been in contact with was banned for a suspected scam, in an effort to reduce abusive and criminal activity on dating apps. These companies were previously prohibited from doing so.

The law requires the notice to be sent my mail or email, and according to Fox News 10 in Phoenix, it also provides immunity for dating app companies to prevent them from being sued.

Utah House Committee

The Judiciary Committee in the Utah House of Representatives just passed a bill that would allow people to search the legal records of anyone they meet online, providing new safety measures for online daters.

The bill would allow Utah residents to have easier access to a service called Xchange, which provides information from Utah’s public court system, according to The Daily Universe, the paper published by Brigham Young University. Right now, broad access is limited, but if the bill is passed, residents can opt to pay a monthly fee to use it and get relevant history and information on potential dates.

Match Group shared its fourth quarter earnings this week, offering investors some cautious optimism on what to expect in 2021. 

Last year the company saw record highs in new users and activity, but faced with economic recessions and a global pandemic, revenue growth remained uncertain. The company delivered slightly better than expected results for the last quarter of 2020, with revenue of $651.4 million for the quarter, up from $547.2 million. Analysts had been projecting $649 million according to Market Watch. Match Group also reported net income of $140.6 million, up from $94.7 million this time last year. 

Bumble Founder and CEO Whitney Wolfe Herd became a billionaire this week after Bumble made its stock market debut on February 10^th.

The company offered shares initially at $43 a piece (up from its proposed initial amount of $28 to $30 per share), valuing the female-focused dating app conglomerate at over $8 billion. Shares surged immediately, trading at more than $76 each, making the firm worth $13 billion by the end of the day, according to CNN.

Bumble is one of the most high-profile IPOs in the tech industry this year, and its 31 year-old founder is an anomaly among tech CEOs as CNN points out – she doesn’t come from a STEM background, she didn’t raise billions in venture capital, but now she is a young female billionaire.

The Norwegian Data Protection Authority has notified dating app Grindr that it could be fined as much as $11.7 million U.S. dollars for sharing the personal data of its users to third parties without their consent. The company has until February 15th to respond to the notice, at which time the Authority will make its final decision.

According to the report from Associated Press, Grindr’s data sharing practice was in violation of European Union privacy rules (GDPR), which requires app companies to let users know how their personal information is being shared as well as obtaining their consent. The Norwegian Consumer Council alleged that Grindr was sharing user information with third party companies so that they would be able to send more targeted ads to users of the app. However, Grindr’s customers weren’t given a thorough explanation of how their data was being used or asked if they consented to sharing it.