Class action suit against Clearview AI cites Illinois law that cost Facebook $550M [TechCrunch Blog]
CDW Corporation (CDW)
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Source: TechCrunch Blog
Just two weeks ago Facebook settled a lawsuit alleging violations of privacy laws in Illinois for the considerable sum of $550 million Clearview made waves earlier this year with a business model seemingly predicated on wholesale abuse of public-facing data on Twitter, Facebook, Instagram and so on. If your face is visible to a web scraper or public API, Clearview either has it or wants it and will be submitting it for analysis by facial recognition systems. Just one problem: That’s illegal in Illinois, and you ignore this to your peril, as Facebook found. Facebook will pay $550 million to settle class action lawsuit over privacy violations The lawsuit, filed yesterday on behalf of several Illinois citizens and first reported by Buzzfeed News Not only that, but this biometric data has been licensed to many law enforcement agencies, including within Illinois itself. All this is allegedly in violation of the Biometric Information Privacy Act, a 2008 law that has proven to be remarkably
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News
- Down -13.52% in 4 Weeks, Here's Why CDW (CDW) Looks Ripe for a Turnaround [Yahoo! Finance]Yahoo! Finance
- CDW Co. (NASDAQ: CDW) had its price target lowered by analysts at Citigroup Inc. from $295.00 to $260.00. They now have a "buy" rating on the stock.MarketBeat
- CDW Co. (NASDAQ: CDW) had its price target lowered by analysts at Stifel Nicolaus from $265.00 to $250.00. They now have a "buy" rating on the stock.MarketBeat
- CDW Co. (NASDAQ: CDW) had its price target lowered by analysts at JPMorgan Chase & Co. from $280.00 to $265.00. They now have an "overweight" rating on the stock.MarketBeat
- CDW Co. (NASDAQ: CDW) had its price target lowered by analysts at Barclays PLC from $261.00 to $232.00. They now have an "equal weight" rating on the stock.MarketBeat
CDW
Earnings
- 5/1/24 - Miss
CDW
Sec Filings
- 5/1/24 - Form DEFA14A
- 5/1/24 - Form 10-Q
- 5/1/24 - Form 8-K
- CDW's page on the SEC website