Facebook denies it collects call and SMS data from phones without permission

Re:Facebook denies it collects call and SMS data from phones... by tlobes on Monday March 26, 2018 @05:37AM (#16677706)

Crazy thought. When a company with a ton of accumulated assets (data) craters, do the rules of bankruptcy and/or mitigating their losses to investors force them to just sell these assets outright?

This may not happen in the next few decades with the likes of Facebook, but imagine what kind of data that much smaller companies have that will just be sold off to the highest bidder, possibly de-anonymized to increase it's value. Does a user privacy contract hold any weight when a company is about to dissolve?

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Re:Facebook denies it collects call and SMS data from phones... by madez on Monday March 26, 2018 @06:09AM (#16677824)

That's impossible with the GDPR for privacy relevant data. That data cannot legally be an asset of a company because a company cannot own it. A company may be a data processor or data controller, but not a data owner for other peoples private data. They may choose to ask each individual if they agree to let another company use the data, but that's a different thing.

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Re:Facebook denies it collects call and SMS data from phones... by lolc on Monday March 26, 2018 @11:22AM (#16679550)

> Does a user privacy contract hold any weight when a company is about to dissolve?

It would hold about the same weight as it does now: Effectively ignored.

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