Strict NDAs reveal how Facebook controls messaging

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  • Facebook’s contracts with some of its ad agencies have a nondisclosure clause that prevents them from discussing any aspect of the company’s business, even if that information is already public.
  • Industry insiders say the language is stricter than most client contracts but that it doesn’t apply to most larger and holding company-owned agencies that have more financial leverage.
  • This language could be a major conflict for agencies that do work for Facebook but also use Facebook to market their other clients, said Jeffrey Greenbaum of law firm Frankfurt Kurnit Klein & Selz.
  • Facebook declined to comment.
  • Visit Business Insider’s homepage for more stories.

Facebook spends millions managing its reputation and business relationships, and this practice also applies to the ad agencies it uses in its marketing.

Facebook has contracts with some agencies that forbids them from confirming or commenting on any aspect of Facebook without its written permission — even if that information is already public. In some cases, the clause applies after the agency has stopped working for Facebook.

Business Insider reviewed a contract containing this nondisclosure agreement, and while not all agencies’ contracts with Facebook contain this language, multiple small and mid-sized agencies confirmed theirs do. All spoke on condition of anonymity, with some citing concerns about possible retaliation.

This broad language shows how Facebook wields its massive power over the ad industry, especially among smaller agencies. A Facebook spokeswoman declined to comment.

Facebook’s nondisclosure clause poses a dilemma for agencies 

All agency-client contracts contain some form of NDA, said Jeffrey Greenbaum, partner at law firm Frankfurt Kurnit Klein & Selz, who specializes in such contracts. They often forbid the agency from using a client’s name and logo without permission and sharing proprietary information about products or services that haven’t been released to the public, but allow agencies

U.S. lawmakers detail Big Tech’s market abuses and press for strict reform

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(Reuters) – A U.S. House of Representatives panel looking into abuses of market power by four big technology companies found they used “killer acquisitions” to smite rivals, charged exorbitant fees and forced small businesses into “oppressive” contracts in the name of profit.

The antitrust subcommittee of the Judiciary Committee recommended that Alphabet Inc’s GOOGL.O Google, Apple Inc AAPL.O, Amazon.com AMZN.O and Facebook FB.O – with a combined market value of over $5 trillion – should not both control and compete in related businesses.

The panel’s report broadly recommended structural separations but stopped short of saying a specific company should be broken up.

The scathing 449-page report – the result of the first such congressional review of the tech industry – suggested expansive changes to antitrust law and described dozens of instances where the companies misused their power.

“To put it simply, companies that once were scrappy, underdog startups that challenged the status quo have become the kinds of monopolies we last saw in the era of oil barons and railroad tycoons,” the report said.

In anticipation of the report, Amazon warned in a blog post Tuesday against “fringe notions of antitrust” and market interventions that “would kill off independent retailers and punish consumers by forcing small businesses out of popular online stores, raising prices and reducing consumer choice.”

Google said in a statement that it competes “fairly in a fast-moving and highly competitive industry. We disagree with today’s reports, which feature outdated and inaccurate allegations from commercial rivals about Search and other services.”

Facebook said, “We compete with a wide variety of services with millions, even billions, of people using them. Acquisitions are part of every industry, and just one way we innovate new technologies to deliver more value to people.”

Apple said, “Scrutiny

Maritime Information Market- Roadmap for Recovery from COVID-19 | Need To Comply With Strict Regulations to Boost the Market Growth

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Technavio has been monitoring the maritime information market and it is poised to grow by $ 736.98 mn during 2020-2024, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200930005716/en/

Technavio has announced its latest market research report titled Global Maritime Information Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

  • What are the major trends in the market?
    Increase in seaborne trade is a major trend driving the growth of the market.

  • At what rate is the market projected to grow?
    The year-over-year growth for 2020 is estimated at 8.34% and the incremental growth of the market is anticipated to be $ 736.98 mn.

  • Who are the top players in the market?
    FLIR Systems Inc., Garmin Ltd., Inmarsat Group Ltd., Kongsberg Gruppen ASA, L3Harris Technologies Inc., Maxar Technologies Inc., ORBCOMM Inc., Raytheon Co., Saab AB, and Thales Group, are some of the major market participants.

  • What is the key market driver?
    The need to comply with strict regulations is one of the major factors driving the market.

  • How big is the Europe market?
    The Europe region will contribute 45% of the market share.

     

The market is fragmented, and the degree of fragmentation will accelerate during the