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In a report, Us based FTC ordered InMobi, SoftBank-backed Indian mobile advertising firm to pay $950,000 civil penalties for tracking locations of "hundreds of millions of consumers - including children - without their knowledge or consent" to serve their geo-targeted advertising. InMobi is subject to a $4 million penalty but the agency suspended the fine to $950,000 "based on the company's financial condition". This settlement comes at a time when InMobi is struggling to raise funds. In its 17 page report, FTC said, "InMobi created a database built on information collected from consumers who allowed the company access to their geolocation information, combining that data with the wireless networks they were near to document the physical location of wireless networks themselves. They w...

A German court has fined a social networking giant Facebook for refusing to follow an order of adequately informing users about how it was using their intellectual property. The court fined Facebook 100,000 euros (USD109,000). A spokesperson for Facebook, however, said that the problem was with the timing rather than the message. "We complied with the order to clarify a single provision in our terms concerning an IP license a while ago. The court felt we did not update our terms quickly enough and has issued a fine, which we will pay," a Facebook spokesperson said. The Berlin regional court ruled that Facebook had not adequately changed the wording of a clause on intellectual property in its terms and conditions after a complaint was filed by the Federation of German Consumer O...

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Indian Mobile Advertising Firm InMobi Pay $950k Fine For Tracking Locations of Its US Consumers