The Federal Trade Commission ordered major social media and streaming companies to disclose their use of personal data, citing concerns about privacy and potential harms. The companies were found to collect extensive personal data for targeted ads, with users having limited control over their information. The FTC recommended more transparency, privacy protection measures, and empowering users with data control, while calling for federal privacy legislation.
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Snowflake Stock Is on Fire. But Can the Momentum Last?
Snowflake (NYSE: SNOW), an AI and data platform specialist, has witnessed its stock rise nearly 40% year to date, significantly outperforming the S&P 500's 7% increase, driven by its focus on AI and rapid revenue growth. However, concerns arise as the company continues to report substantial quarterly losses despite a market capitalization of approximately $72 billion. Want More Context? 🔎
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