US FTC requests information from companies to investigate pricing methods using personal data
WMT Walmart Inc
$125.66 +0.11%
View chart & analysis → 
- 1The US Federal Trade Commission (FTC) has ordered companies including Delta Air Lines and Walmart to provide detailed information on pricing methods that utilize consumer data.
- 2The FTC is investigating how ride-sharing and delivery companies such as Uber use the personal data of independent drivers to make compensation decisions.
- 3As lawmakers in at least 30 states review pricing-related legislation this year, the FTC plans to closely examine the opaque methodologies used by companies.
So what's the key point?
The US government is investigating how companies use personal information to set prices. The investigation could become more rigorous as companies are required to disclose their information transparently.
Source Associated Press +2 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.