Jump to content
Sign in to follow this  
Admin

App Annie will pay $10 million to settle a fraud investigation with the SEC

Recommended Posts

acastro_200302_3922_SuperTuesday_gavel.0 Illustration by Alex Castro / The Verge

App Annie, a company that collects and sells information about the performance of mobile apps, has agreed to pay $10 million to settle a securities fraud investigation, the US Securities and Exchange Commission (SEC) said in a statement.

According to the SEC, App Annie used confidential information from app companies to generate its statistical models of app performance. It told the companies the data they provided would be aggregated and anonymized, and not disclosed to third parties. But the SEC alleged that between late 2014 and mid-2018, App Annie and its former CEO Bertrand Schmitt used data that had not been aggregated or anonymized to make its estimates more valuable to sell to trading firms. And, the SEC alleged, App Annie...

Continue reading…

View the full article

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...

Important Information

By using The Great Escaped Online Community, you agree to our Privacy Policy and Terms of Use