WhatsApp, which was reported last month as an app Facebook Inc. (NASDAQ:FB) was interested in acquiring, breaches privacy rules in the Netherlands and Canada, according to an investigation conducted jointly by Canadian and Dutch officials. CBC reports that the app violates privacy laws in the two countries because it requires users to give access to their full address book if they want to use it.
A statement issued by the Dutch Data Protection Authority said users’ address books contain phone numbers of people who don’t use the app, in addition to those who do. So by requiring them to give the app access to their entire address book, it violates privacy rules. WhatsApp has now made it possible for iPhone users with iOS6 to add their contacts manually instead of granting access to their entire address book, Nokia, Windows, Android and BlackBerry users still have to the app full access.
It's no secret that this year has been a volatile one for the markets. The S&P 500 is down 18% year to date, while the Nasdaq Composite is off by 27% year to date. Meanwhile, the VIX, a key measure of volatility, is up 49% year to date at 24.72. However, it has spiked as Read More