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FTC orders Walmart, Delta and others to share how they use personal data to set prices and pay
FTC orders Walmart, Delta and others to share personal data use for pricing and pay.
Context
What happened: The FTC ordered Delta, Walmart, United, JetBlue, Lyft, DoorDash, Instacart and Target to share details on how they use consumer data to set prices, and is studying how ride-sharing and delivery firms use drivers' data to set pay.
Key numbers: At least 30 states have considered pricing-related bills this year.
Why it matters: FTC Chairman Andrew Ferguson said the agency will scrutinize the "opaque methodology" companies may use to set what consumers pay or what gig workers earn. Delta and JetBlue said they do not set individualized prices from personal data.
Market: -1.4% today ($80.35), +17.0% YTD, 0.7x vol — as of 22:31 UTC
Coverage: 4 outlets in 24h
What changed
The FTC ordered Delta, Walmart, United, JetBlue, Lyft, DoorDash, Instacart and Target to share details on how they use consumer data to set prices, and is studying how ride-sharing and delivery firms use drivers' data to set pay.
Why it matters
FTC Chairman Andrew Ferguson said the agency will scrutinize the "opaque methodology" companies may use to set what consumers pay or what gig workers earn. Delta and JetBlue said they do not set individualized prices from personal data.
Market: -1.4% today ($80.35), +17.0% YTD, 0.7x vol — as of 22:31 UTC