Additional Information


Nationwide drops Phorm ad service

LONDON - Nationwide Building Society has dealt another blow to Phorm, dropping the behavioural targeting firm from any future business plans.

Share this article

Nationwide's decision to opt out of Phorm's online behaviour tracking software follows on the heels of TalkTalk, the UK's largest consumer broadband provider, which broke off its agreement with Phorm earlier this month.

The loss of TalkTalk came after BT dropped Phorm from its immediate business plans a few days earlier.

Unlike BT, Phorm's agreement with TalkTalk had not extended to any form of trial.

Phorm pointed out that it retains a commercial agreement with BT while BT has stated that privacy was not a factor in its decision making.

The company's privacy record has been criticised by campaigners, who claim its targeting technology is too intrusive and were outraged that BT and Phorm did not notify consumers when they undertook trials.

Phorm's shares closed yesterday at 205p, down 15p or 7%. At 10am today its shares were down by almost 6% at 193p.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Additional Information

Latest jobs Jobs web feed

Back to top ^