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Stock impact report

The FTC's data-sharing order against GM is finally settled [TechCrunch]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: TechCrunch
The finalized order, which comes a year after the agency reached a proposed settlement with GM, also requires the automaker to be more transparent with its consumers and obtain their explicit consent on any data collection. The finalized order comes nearly two years after a New York Times report showed how GM and OnStar collected, used, and sold drivers' precise geolocation data and driving behavior to third parties, including data brokers LexisNexis and Verisk. The data was collected through GM's Smart Driver program, a free feature contained within its connected car apps that tracked and rated driving behaviors and seatbelt use. Data brokers sold this information to insurance providers, which could affect customers' rates, the NYT reported at the time. GM discontinued the Smart Driver program in April 2024 across all of its brands, citing customer feedback. GM said at the time it unenrolled all customers and ended its third-party telematics relationships with LexisNexis and Veri Show less Read more
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