FLUENT INC
FLNT
Communication Services
1
exclusion reason
1 theme
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Fluent Inc. operates a consumer data brokerage business that has been formally charged by the Federal Trade Commission with operating a deceptive “consent farm.” The FTC’s July 2023 complaint alleges that since 2011, Fluent used deceptive ads and websites promising free rewards from major brands to harvest consumers’ personal data, which it then sold to third parties. As part of a settlement, Fluent was required to direct all customers who purchased its consumer data prior to May 2023 to delete that information. This business model, which collects and monetizes personal data at scale for downstream use, functions as surveillance infrastructure built for deployment by corporate clients. Separately, a company named Fluent Home markets and sells professional smart home security systems featuring intelligent video surveillance and 24/7 video verification, directly offering surveillance hardware and monitoring services to consumers.
Research Sources
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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