FTC orders Walmart, Delta and others to disclose how they use personal data in pricing and pay
FROM THE WIRE · FINANCE.YAHOO.COM
The U.S. Federal Trade Commission said Wednesday it is ordering Delta Air Lines, Walmart and other companies to provide detailed information on how they use consumers' data when they're setting prices. The commission said it is also studying how ride-sharing and delivery…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA regulatory probe into personalized pricing could weigh on airline, retail and ride-hailing business models.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The FTC issued orders to Delta, Walmart, United, JetBlue, Lyft, DoorDash, Instacart and Target.
- 02Companies must provide information on how data affects pricing for their products.
- 03The FTC is also studying how gig drivers' personal data sets their pay.
- 04Chairman Andrew Ferguson said the agency will scrutinize opaque pricing methodologies.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Delta Air Lines, Inc.80.35 USDMarket closedtoday -1.35%Negative Walmart Inc.118.77 USDMarket closedtoday -0.46%Negative Uber Technologies, Inc.65.27 USDMarket closedtoday -0.78%Negative JetBlue Airways Corporation2.85 USDMarket closedtoday +1.06%Negative Lyft, Inc.16.34 USDMarket closedtoday -2.68%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets