The daily business briefing: December 19, 2018

Facebook reportedly let partners see users' private data, stock futures rise ahead of Fed rate announcement, and more

1. Facebook reportedly let partners see users' messages, friend lists

Facebook gave more than 150 companies — including Netflix, Spotify, and Microsoft's Bing — special access to users' personal data, The New York Times reported Tuesday. The newspaper obtained hundreds of pages of Facebook internal documents and interviewed dozens of former employees of Facebook and its corporate partners and found that the company essentially exempted partners from its privacy rules, possibly violating a 2011 consent agreement with the Federal Trade Commission that barred Facebook from sharing user data without explicit permission. Netflix and Spotify, for example, were allowed to read users' private messages, and Amazon got contact information through users' friends. Steve Satterfield, Facebook's director of privacy and public policy, said the arrangements did not violate users' privacy, or the FTC agreement. Facebook says it didn't share data without consent.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.