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Data Harvesting App Freecash Under Fire For Deceptive Tactics And App Store Manipulation

Freecash, a mobile rewards app, gained rapid visibility before regulatory scrutiny over data practices and advertising methods. The app was promoted as a way to earn rewards through mobile activity, including gameplay. Concerns focus on data collection practices and marketing claims within the mobile app ecosystem.

Rising Popularity Through Questionable Tactics

Freecash reached top rankings on both App Store and Google Play and ranked second in the U.S. App Store. Promotion on TikTok emphasized rewards for simple in-app activity. Download growth and visibility were driven by large-scale digital marketing campaigns.

Robust Data Collection And Privacy Concerns

Cybersecurity firm Malwarebytes reported that the app collected extensive user data, including demographic and device-related information. Findings suggest data collection extended beyond typical app functionality. The case reflects broader concerns around data usage and transparency in mobile applications.

Platform Manipulation And Policy Violations

Data from Appfigures show downloads increased from under 900,000 in late 2025 to over 5.5 million in January 2026, reaching nearly 6 million in February. Growth coincided with increased scrutiny over marketing practices. Apple removed the app from its store, citing violations of App Store policies related to misleading behavior.

Circumventing App Store Rules

The app was later reintroduced under a different developer account after initial removal. The original version, submitted in March 2024, was removed within two months. Re-submission under a new account is a known method to bypass platform restrictions.

Industry Implications And The Road Ahead

Reports indicate misleading marketing practices on platforms such as TikTok, along with concerns about the manipulation of user reviews. These issues have drawn attention from regulators and consumer protection authorities. Apple removed the app for violations of App Store Review Guidelines, indicating stricter enforcement of platform rules. Increased oversight of mobile applications and advertising practices is expected as similar cases emerge.

Discussion continues around the balance between marketing practices and data usage standards. As regulation evolves, companies operating in the app ecosystem may face additional compliance requirements and closer monitoring.

Robust Cyprus Construction Activity Bolsters Vassilico Cement’s 2025 Performance

Vassilico Cement Works Public Company Ltd reported a net profit of €35.52 million for 2025, supported by strong construction activity in Cyprus. Company profit reached €34.99 million, reflecting higher revenues and improved operating performance.

Domestic Market Growth Driven By Cyprus Construction

Group revenue rose to €152.75 million, while company revenue reached €152.66 million, up 11% year on year. Growth was driven by increased sales volumes in the domestic market, where construction activity remained strong throughout the year.

Enhanced Production Efficiency And Cost Management

Gross profit increased to €50.30 million at group level and €50.21 million at company level, compared with €42.49 million in 2024. The improvement reflects gains in production efficiency and cost control, supported by higher use of alternative fuels and improved electricity efficiency. These measures reduced unit costs while supporting environmental targets.

Executive Insights And Macroeconomic Outlook

Executive Chairman Antonis Antoniou said strong domestic demand supported production volumes, with the company maintaining focus on the local market and managing exports selectively. He added that favorable economic conditions in Cyprus contributed to performance, despite regulatory pressures in Europe and broader geopolitical uncertainty.

Navigating Energy And Regulatory Challenges

Future performance will be influenced by energy market volatility and European climate policy, including carbon pricing and the Carbon Border Adjustment Mechanism. Rising fuel and electricity costs continue to affect energy-intensive industries.

The company is expanding its renewable energy capacity, with a photovoltaic park reaching 16MW and plans for an additional 8MW, subject to grid connection. The investments aim to improve cost stability and energy efficiency.

Shareholder Returns And Strategic Investments

The board approved an interim dividend of €0.15 per share, totaling €10.79 million, on September 25, 2025. A final dividend of €16.55 million, or €0.23 per share, will be proposed. Combined, total dividends amount to €27.34 million, or €0.38 per share.

Management said the company will continue focusing on efficiency, cost control and sustainability as it navigates energy market pressures and regulatory requirements.

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