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Users also “lacked any meaningful control over how personal information was used for AI-fueled systems” on the companies’ platforms, according to the report. The report includes staff recommendations calling for federal privacy legislation, as well as more efforts from companies to prioritize privacy in their data collection and recommendation systems. "Protecting users – especially children and teens – requires clear baseline protections that apply across the board," the FTC said in the report. The privacy of children and teens were not adequately protected on these social media platforms and streaming services, according to the report. However, children and teens are known to be on social media, and the FTC wrote that companies "should not ignore this reality."
Persons: Lina Khan, , Twitch, Kate Sheerin, Sheerin Organizations: Federal Trade Commission, Committee, Energy, Commerce, FTC, Amazon, Facebook, Meta, Twitter, YouTube, COPPA Locations: Canada
Goldman Sachs says one income-focused strategy is off to a strong start this year, and will continue to outperform – dividend growth stocks. Going forward, dividend growth stocks will continue to beat buyback stocks, according to Goldman's chief U.S. equity strategist David Kostin. Fastenal shares are up 12% this year, and the industrial supplies company has a 2.6% dividend yield, FactSet data showed. Home Depot shares are down this year, but was a new addition to Goldman Sachs' dividend growth list. Lowe's is another dividend growth stock, with a 2.1% dividend yield, and Goldman seeing 30% annual compound dividend growth over 2022-2024.
An improved company playbook can help NetApp outperform going forward, according to Stifel. Stifel upgraded the stock to buy from hold with a $75 price target, which represents 19% upside from Thursday's close of $63 per share. NetApp , a cloud storage provider that also provides physical hardware to other companies, is in the middle of a shakeup that could lead to more earnings per share and larger margins, analyst Matthew Sheerin wrote Sunday. Shares of NetApp closed at $63 on Thursday and have added nearly 5% in 2023. Stifel added that the shakeup to NetApp's sales team encompasses employees being assigned to specific products and sectors to better communicate with customers on their specific needs.
Nike alums lead numerous brands, including Lululemon, Allbirds, Columbia Sportswear, and The North Face. Tim Sheerin, the senior vice president of global wholesale at Columbia Sportswear, at an investor day event this year. The trend has accelerated in recent years, with competing sportswear companies including Lululemon and Allbirds opening offices in Portland, Oregon. While sportswear companies are a natural fit for former Nike executives, nonathleticwear companies also have hired from Nike's top ranks. Crocs, which named the former Nike vice president Emma Minto the senior vice president of the Americas in 2020, also has been on a hot streak.
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