On October 19, 2019 VISA published an updated version of its Product and Service Rules that will impact the acceptance, disclosure and notice obligations of merchants conducting free trial offers and introductory offers that convert to paid programs for both digital and physical goods and services. These changes go into effect on April 18, 2020. Here are the changes recurring merchants. need to understand.
Six months ago, in an unprecedented move for a legacy newspaper, the 148-year-old Salt Lake Tribune applied for nonprofit status with the Internal Revenue Service. In doing so, owner Paul Huntsman agreed to turn over ownership of the newspaper to a public board of directors. On October 29, the IRS approved the newspapers request for 501(c)(3) nonprofit status, making it possible for supporters to make tax deductible donations to support the newspapers work. The approval, which came sooner than expected, is the first time the IRS has granted nonprofit status to a daily newspaper.
On the inaugural day of the first-ever Subscription Show 2019 by Subscription Insider, industry professionals met to network and learn from their peers and from industry experts. Here's the recap.
Facebook is finally facing the music for the Cambridge Analytica data breach. The social media platform has agreed to pay a 500,000 fine, approximately $643,000, to the United Kingdoms Information Commissioners Office (ICO), reports NPR. The ICO alleges that Facebook failed to protect data gathered by Cambridge Analytica from approximately 87 million Facebook users. After litigating the matter for more than a year after the monetary penalty notice was originally levied, Facebook agreed to pay the fine to end the appeals and negotiations between Facebook and the U.K.
We are busy preparing for our big Subscription Show next month, but that didn't stop us from preparing a feature-filled Five on Friday for you. This week, Delta Airlines gets into the subscription business, Scribe launches a subscription greeting card service with the help of artists, EU regulators have concerns about Apple Pay's possible anticompetitive behavior, Hulu adds like and dislike buttons to personalize suggestions and, everyone's favorite feature, LinkedIn shares top subscription jobs.
If you are tired of impeachment news, check out our Five on Friday features instead: a new study shows that nearly half of U.S. broadband homes subscribe to more than one streaming service; in seven-and-a-half years, the subscription economy has grown by 350%; Stitch Fix goes beyond just subscriptions; the Pittsburgh Post-Gazette is the latest newspaper to pare down its print operation; and Facebook agrees to a $40 million settlement for misleading advertisers on the potential success of video ads.
It is hard to be it is already fall. Where did the year go?!! Despite the changing of the seasons, the subscription economy is growing strong. In this week's Five on Friday, we talk about sneaker subscriptions (hint - it's not about the shoes)! Also, Apple and Google take their gaming subscription services live, two ad blockers for Chrome are caught in an ad fraud scheme, the Washington Post launches an ad network, and Marketing Profs shares some tips on how to get the attention of millennials and Gen Z.
If you are looking for that special someone using a dating app, be wary of Match.com. Yesterday the Federal Trade Commission announced it is suing Match Group, Inc. for five deceptive or unfair business practices to get people to subscribe to their service and to stay subscribed. Match owns Match.com, Tinder, OKCupid, PlentyOfFish, Meetic and dozens of other dating sites. In a lawsuit filed in U.S. District Court for the Northern District of Texas yesterday, the FTC alleges that Match - who controls approximately 25% of the online dating market - tricked hundreds of thousands of consumers into subscribing to Match.com and making cancellation difficult. Match is based in Dallas.
This week, the subscription news headlines include everything from expansion and exclusion to new launches and legacies: Jeffrey Epsteins legacy ensnares the M.I.T. Media Lab, Medium launches a new publication for business, and Amazon expands into Brazil. Also, Apple News is excluding local newsrooms, a $5 billion fine wont fix Facebook, and paid streaming music subscriptions top 60 million in the United States, says RIAA.
Last week, the Federal Trade Commission got a preliminary injunction against AH Media Group for fraudulent subscription practices, including free trial offers and negative option subscriptions. The preliminary injunction prevents AH Media from misrepresenting their free trial offers, enrolling them in subscriptions without permission, billing customers without permission, and making it very difficult for customers to cancel their subscriptions or get refunds.