By Daniel J. Solove
A recent New York Times article discusses the issue of what happens to your personal data when companies go bankrupt or are sold to other companies:
When sites and apps get acquired or go bankrupt, the consumer data they have amassed may be among the companies’ most valuable assets. And that has created an incentive for some online services to collect vast databases on people without giving them the power to decide which companies, or industries, may end up with their information.
This has long been a problem, and I’m glad to see it receiving some attention. The issue arose in one of the early FTC cases on privacy about 15 years ago.