Issue link: https://maltatoday.uberflip.com/i/1488838
8.12.2022 6 MARKETS Symbol Volume Value Trades High Low Open Closing Change Code Traded Traded Trades Price Price Price Price EQUITIES BOV 36,383 31,602.65 7 0.870 0.860 0.870 0.860 -0.010 HLI 18,500 4,070.00 2 0.220 0.220 0.220 0.220 -0.002 HSB 617 450.41 1 0.730 0.730 0.730 0.730 0.000 GOVERNMENT BONDS G30A 700,000 805,490.00 1 115.070 115.070 115.070 115.070 0.000 G32GA 100,000 106,129.00 4 106.130 106.120 106.120 106.130 -0.370 G51A 4,000 2,716.80 1 67.920 67.920 67.920 67.920 -13.080 CORPORATE BONDS 1923A 8,000 8,040.00 1 100.500 100.500 100.500 100.500 -0.500 BV30B 50,000 44,000.00 2 88.000 88.000 88.000 88.000 0.000 DN33A 10,000 10,000.00 2 100.000 100.000 100.000 100.000 -1.000 IH25A 1,400 1,407.00 2 100.500 100.500 100.500 100.500 0.480 IH26A 10,000 9,750.00 3 97.500 97.500 97.500 97.500 0.000 JD32A 4,000 4,000.00 1 100.000 100.000 100.000 100.000 0.000 MI23A 10,000 10,000.00 1 100.000 100.000 100.000 100.000 1.000 Malta Stock Exchange Regulated Main Market Trading Date: 21 Dec 2022 Fornite's Epic Games to pay $520 million in FTC settlement EPIC Games has agreed to record -breaking settlements with the US Federal Trade Commission (FTC) for over a half a billion dollars. The US regulator announced the settlement on Monday that will see Epic Games pay "a total of $520 million in relief over al- legations the company violated the Children's Online Privacy Protection Act (COPPA) and deployed design tricks, known as dark patterns, to dupe mil- lions of players into making un- intentional purchases." Essentially the FTC in its com- pliant had alleged that misled millions of players, including children and teenagers, into making unintended purchases and that it violated a landmark federal children's privacy law. e FTC alleged that "even though Fortnite is directed to children, and even when Epic had actual knowledge that Fortnite users were children, Epic failed to comply with the COPPA Rule's parental notice, consent, review, and deletion requirements. Al- though Epic has changed its prac- tices over time, those changes have not cured the violations." "Children and teens have been bullied, threatened, and harassed within Fortnite, including sexual- ly," the FTC also stated in its com- plaint. "Children and teens have also been exposed to dangerous and psychologically traumatizing issues, such as suicide and self- harm, through Fortnite. And the few relevant privacy and parental controls Epic has introduced over time have not meaningfully alle- viated these harms or empowered players to avoid them." According to the FTC, North Carolina-based Epic Games has made two separate record-break- ing settlements. As part of a proposed federal court order filed by the Depart- ment of Justice on behalf of the FTC, Epic will pay a $275 million monetary penalty for violating the COPPA Rule – the largest penal- ty ever obtained for violating an FTC rule. In addition, Epic will be required to adopt strong privacy default settings for children and teens, ensuring that voice and text com- munications are turned off by de- fault. Secondly, Epic has also agreed to pay $245 million to refund consumers for its dark patterns and billing practices, which is the FTC's largest refund amount in a gaming case, and its largest ad- ministrative order in history. "As our complaints note, Epic used privacy-invasive default set- tings and deceptive interfaces that tricked Fortnite users, including teenagers and children," said FTC Chair Lina M. Khan. "Protecting the public, and espe- cially children, from online priva- cy invasions and dark patterns is a top priority for the Commission, and these enforcement actions make clear to businesses that the FTC is cracking down on these unlawful practices," said Khan. "e Justice Department takes very seriously its mission to pro- tect consumers' data privacy rights," said Associate Attorney General Vanita Gupta. "is pro- posed order sends a message to all online providers that collecting children's personal information without parental consent will not be tolerated." "Epic put children and teens at risk through its lax privacy prac- tices, and cost consumers mil- lions in illegal charges through its use of dark patterns," said Samu- el Levine, Director of the FTC's Bureau of Consumer Protection. "Under the proposed orders an- nounced today, the company will be required to change its default settings, return millions to con- sumers, and pay a record-break- ing penalty for its privacy abus- es." 1.80% MGS 2051 (I)