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Jul 13, 2019
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the us federal trade commission is reported to have approved a $5 billion penalty for facebook over itssers‘ personal data. republican members of the regulator are said to have backed the settlement, with democrats voting against. facebook have not commented on the reports but the tech company did tell investors in april that it had set aside money to pay for a fine. our north america technology correspondent dave lee has more. it will be a record—breaking sum for a us regulator to impose on a technology company, dwarfing the 22 million or so that google was fined not so long ago. and that may not be the sum of it in terms of the total punishment. the $5 billion fine may also involve extra measures put on facebook to hold it more accountable, such as privacy, oversight, or even, potentially, more personal responsibility for mark zuckerberg. they're the details we don't yet have about the settlement. it will be the more contentious side of this because some people think that the monetary penalty on its own won't be sufficient to really cause any great harm to facebook. in fact one senato
the us federal trade commission is reported to have approved a $5 billion penalty for facebook over itssers‘ personal data. republican members of the regulator are said to have backed the settlement, with democrats voting against. facebook have not commented on the reports but the tech company did tell investors in april that it had set aside money to pay for a fine. our north america technology correspondent dave lee has more. it will be a record—breaking sum for a us regulator to impose...
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Jul 13, 2019
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defined by the us federal trade commission is the largest ever againstan trade commission is the largestpany. let's get more from our reporter. facebook critics are calling this a little more than a slap on the wrist for a little more than a slap on the wrist fora campaign little more than a slap on the wrist for a campaign that made $15 billion in the first three months of 2019 alone. the $5 billion facebook will reportedly now pay isn'tjust for cambridge analytica but a broad range of privacy violations. the us federal trade commission said facebook had breached the promise it made in 2011 over how personal data would be used. what isn't getting entirely clear is what additional measures might be imposed on facebook in the future such as independent oversight on the firm's privacy practices. according to reports in the us media, the measures won't include any personal repercussions for mark zuckerberg. facebook told investors in april that it had already put aside most of the money needed to pay this penalty, meaning there would be little financial strain on the company. one former off
defined by the us federal trade commission is the largest ever againstan trade commission is the largestpany. let's get more from our reporter. facebook critics are calling this a little more than a slap on the wrist for a little more than a slap on the wrist fora campaign little more than a slap on the wrist for a campaign that made $15 billion in the first three months of 2019 alone. the $5 billion facebook will reportedly now pay isn'tjust for cambridge analytica but a broad range of privacy...
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Jul 13, 2019
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the fine by the us federal trade commission is the largest ever against an american tech company. ave lee. it is the largest fine ever levied against a us technology company. even so, facebook pulls back many critics i sang it is little more than a slap on the rest for a company he made more than $15 billion in the first three months of 2019 alone. the $5 billion facebook will reportedly now pay is notjust for cambridge analytical, but for a broad range of privacy by—elections. the us federal trade commission said facebook had breached a rams that had made in 2011, over how personal data would be used. what is not yet entirely clear is what additional measures may be imposed on facebook in future. such as independent oversight on the farm's privacy practices. according to reports in the us media, the measure shall not include any personal repercussions for facebook‘s chief executive. facebook told investors in april that it had already put aside most of the money needed to pay this penalty. meaning there will be little financial strain on the company. one former official from the u
the fine by the us federal trade commission is the largest ever against an american tech company. ave lee. it is the largest fine ever levied against a us technology company. even so, facebook pulls back many critics i sang it is little more than a slap on the rest for a company he made more than $15 billion in the first three months of 2019 alone. the $5 billion facebook will reportedly now pay is notjust for cambridge analytical, but for a broad range of privacy by—elections. the us federal...
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Jul 25, 2019
07/19
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and facebook's been fined $5000000000.00 by the us federal trade commission for violating its uses privacy is the biggest of a penalty of its kind imposed by the f.t.c. facebook now has to create a special committee with its board to put an end to privacy decisions but there's the headlines the news continues here on al-jazeera after inside story stage and that's watching live from. can china be a military superpower and beijing has outlined its defense plans that include a modern and advanced on me it's also accuse the us of undermining global stability so how will this defense policy play out schools in the asia pacific region and beyond this is insight story. hello and welcome to the program i'm home he'd seen global military competition is on the rise and china believes it's lacking behinds beijing says the u.s. has increased its defense budgets modernize its weapons and develops its capability in cyber space and space itself but the chinese government wants to catch out its detail tyra's intends to do just that in a national defense paper released on weapon state beijing has declared
and facebook's been fined $5000000000.00 by the us federal trade commission for violating its uses privacy is the biggest of a penalty of its kind imposed by the f.t.c. facebook now has to create a special committee with its board to put an end to privacy decisions but there's the headlines the news continues here on al-jazeera after inside story stage and that's watching live from. can china be a military superpower and beijing has outlined its defense plans that include a modern and advanced...
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Jul 13, 2019
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the us federal trade commission says facebook had breached the promise it made in 2011, over how personal used. what is not yet entirely clear is what additional measures may be imposed on facebook in future, such as independent oversight of the company's privacy practices. according to reports in the us media, the measures will not include any personal repercussions or facebook‘s chief executive mark zuckerberg. facebook told investors in april that it had already put aside most of the money needed to pay this penalty, meaning there will be little financial strain on the company. one former official from the us trade regulator said he felt facebook considered the fine simply the cost of doing business. facebook has consistently, aggressively violated consumer privacy and i believe at least in the us, it isa calculated decision, and i think the company has prioritised growth at any cost. facebook would not comment on the settlement but has in the past said it had learned tough lessons and was working hard to change. that will not be enough. one us senator called this fine a mosquito bite,
the us federal trade commission says facebook had breached the promise it made in 2011, over how personal used. what is not yet entirely clear is what additional measures may be imposed on facebook in future, such as independent oversight of the company's privacy practices. according to reports in the us media, the measures will not include any personal repercussions or facebook‘s chief executive mark zuckerberg. facebook told investors in april that it had already put aside most of the money...
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and how the company is wrong and how it designs its products his statement came after the us federal trade commission announced a $5000000000.00 fine against facebook for failing to protect users data now facebook announced that revenues and profits rose faster than expected in the 2nd quarter despite that big fine. this is an important and that fine is the largest penalty ever levied against a tech company it is jonathan crane is with us to tell us more about the story hi jonathan what were the allegations that actually led to this investigation well the catalyst really for it all with revelations in 2018 that a political consultancy firm cambridge and it's got managed to get its hands on the facebook data of 87000000 users now it did this for a 3rd party crew with the record of the dates not only of the people that actually filled in the queries but also their extended friends in our cameras and it's clear is very significant because it was hired by both the trump campaign the 2016 presidential election and of course the campaign is what i want to believe campaigns now were whistleblowers they camb
and how the company is wrong and how it designs its products his statement came after the us federal trade commission announced a $5000000000.00 fine against facebook for failing to protect users data now facebook announced that revenues and profits rose faster than expected in the 2nd quarter despite that big fine. this is an important and that fine is the largest penalty ever levied against a tech company it is jonathan crane is with us to tell us more about the story hi jonathan what were...
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Jul 13, 2019
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what it meant was the us trade regulator at the federal trade commission began looking into whether facebookve broken a promise it made back in 2011where it told the ftc, the regulator, that it would always seek proper consent from users to use their personal data and also be very clear about how their data has been used. the ftc has decided they went against that promise so the question has a lwa ys that promise so the question has always been what was the punishment going to be caught doing that. we know according to the reports, that $5 billion, the biggest fine ever levied against a us tech company will be what facebook has to pay. but the second question that we are not quite clear on yet is what other measures there may be put in place against facebook. in particular, will there be more oversight over how they conduct themselves when it comes to data privacy? and also will there be any repercussions or the potential for future repercussions personally for mark zuckerberg the company's personally for mark zuckerberg the compa ny‘s chief executive? personally for mark zuckerberg the comp
what it meant was the us trade regulator at the federal trade commission began looking into whether facebookve broken a promise it made back in 2011where it told the ftc, the regulator, that it would always seek proper consent from users to use their personal data and also be very clear about how their data has been used. the ftc has decided they went against that promise so the question has a lwa ys that promise so the question has always been what was the punishment going to be caught doing...
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Jul 13, 2019
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the us federal trade commission is reported to have approved a $5 billion penalty for facebook over its handling of users‘ personal data. republican members of the regulator are said to have backed the settlement, with democrats voting against. facebook has been hit by a series of privacy scandals — including one involving the political consultancy cambridge analytica. roger federer made it through the 12th wimbledon final of his career. he beat long time rival rafael nadal in four sets on friday. sunday's final pitches him against another old foe — the defending champion novak djokovic. now on bbc news it's time for click. this is click 1001, a space 0dyssey. in honour of the 50th anniversary of the apollo 11 moon landing, we've got massive rockets, space station robot arms, and we bounce sound off the moon. why? because it's there. we choose to go to the moon and do the other things, not because they are easy, but because they are hard. so that presidentjohn f. kennedy in 1962. on july the 16th, so that presidentjohn f. kennedy in 1962. onjuly the 16th, 1969, so that presidentjohn f.
the us federal trade commission is reported to have approved a $5 billion penalty for facebook over its handling of users‘ personal data. republican members of the regulator are said to have backed the settlement, with democrats voting against. facebook has been hit by a series of privacy scandals — including one involving the political consultancy cambridge analytica. roger federer made it through the 12th wimbledon final of his career. he beat long time rival rafael nadal in four sets on...
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how the company is run and how it designs its products now his statement came after the us federal trade commission announced a $5000000000.00 fine against facebook for failing to protect users data despite that big fine facebook announcer revenues and profits profits actually grow faster than expected in the 2nd quarter. well the fine is the largest penalty ever levied against a tech company and jonathan crane has been looking into the story for a side jonathan what were the allegations that actually prompted this investigation in the 1st place well the settlement was a result of an investigation into how facebook effectively handed over troy. because of this really did tipping point if you lie for that was revelations in 28 senior political consultants cambridge on the list had got its hands on up to 87000000 facebook users days no it did this a virus that. see a quiz on facebook and not only were the people who are still in the quiz affected but also their extended now why is cambridge analytic a thorough important in all of this will cain was analytical was hired by both donald trump's 2016 pre
how the company is run and how it designs its products now his statement came after the us federal trade commission announced a $5000000000.00 fine against facebook for failing to protect users data despite that big fine facebook announcer revenues and profits profits actually grow faster than expected in the 2nd quarter. well the fine is the largest penalty ever levied against a tech company and jonathan crane has been looking into the story for a side jonathan what were the allegations that...
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Jul 13, 2019
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the fine by the us federal trade commission is the largest ever against an american tech company. ogy reporter, dave lee. it is the largest fine ever levied against a us technology company, but even so, face that ‘s many critics are calling it a little more than a slap on the rest for a company that made more than $15 billion in the first three months of 2019 alone. the $5 billion facebook will reportedly now pay is notjust for this, but for a broad range of privacy violations. it is said that faith that breached a promise made in 2011 over how personal data would be used. what it is not yet entirely clear is what additional level may be imposed on a stick in the future. according to reports in the us media, the measures won't include any personal repercussions for facebook ‘s chief executive mark zuckerberg. facebook told investors in april that it had already put aside most of the money needed to pay this penalty, meaning there will be little financial strain on the company. one former official from the us trade regulator said he felt faith that considered this fine simply the co
the fine by the us federal trade commission is the largest ever against an american tech company. ogy reporter, dave lee. it is the largest fine ever levied against a us technology company, but even so, face that ‘s many critics are calling it a little more than a slap on the rest for a company that made more than $15 billion in the first three months of 2019 alone. the $5 billion facebook will reportedly now pay is notjust for this, but for a broad range of privacy violations. it is said...
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Jul 25, 2019
07/19
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facebook's been fined $5000000000.00 by the us federal trade commission for violating its users privacy it is the largest ever penalty of its kind imposed by the f.t.c. facebook now asked to create a special committee within its board to put an end to privacy decisions being made solely by chief executive mark zuckerberg facebook stock rose shortly after the fine was announced and that rise in facebook's share price has prompted criticism from democrats in the u.s. that the fine is too small f.t.c. chairman joe simons says current legislation isn't good enough to effectively police silicon valley our authority in these types of cases is quite limited which is why we have encouraged congress to consider federal privacy legislation but for now the only real world choice here was to take a historic settlement that provides immediate and important protection to american consumers or wait for years to get far less relief. boeing has announced its largest quarterly loss on record after the grounding of its 737 x. aircraft the company lost $3000000000.00 in his 2nd quarter and sales fell by mo
facebook's been fined $5000000000.00 by the us federal trade commission for violating its users privacy it is the largest ever penalty of its kind imposed by the f.t.c. facebook now asked to create a special committee within its board to put an end to privacy decisions being made solely by chief executive mark zuckerberg facebook stock rose shortly after the fine was announced and that rise in facebook's share price has prompted criticism from democrats in the u.s. that the fine is too small...
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Jul 24, 2019
07/19
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us. federal trade commission says.al which saw the data of 87m facebook users misused. the ftc, whosejob is to protect american consumers, has been giving more details about the punishment. michelle fleury is in new york for us. tell us more about what we've learned from these results. i think the take away from this is despite a terrible year, facebook was facing scandals over privacy, there are questions about antitrust investigation, it has faced scrutiny over its plans to launch a digital currency and yet, if you look at its results, the message is clear that consumers are not leaving facebook or at least not leaving instagram, and advertisers are also sticking by the company. the company has just said that when it comes to results, they have billions of active users, daily active users $1.59 billion and so daily active users $1.59 billion and so the company can at least continue to move forward. that being said, we do have this investigation that has wrapped up with a substantial fine for the company being levied
us. federal trade commission says.al which saw the data of 87m facebook users misused. the ftc, whosejob is to protect american consumers, has been giving more details about the punishment. michelle fleury is in new york for us. tell us more about what we've learned from these results. i think the take away from this is despite a terrible year, facebook was facing scandals over privacy, there are questions about antitrust investigation, it has faced scrutiny over its plans to launch a digital...
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27000 point mark the ends quarter there with a market's wrap up for us thank you very much the united states federal trade commission has voted to approve a $5000000000.00 settlement with facebook over a long running probe into the company's privacy violations the fine would be the largest the f.t.c. has levied on a tech company but its value is a largely symbolic facebook made nearly $56000000000.00 in revenue last year the wall street journal wrote that the f.t.c. report has been moved to the justice department for review it is not clear how long it will take to finalize. china is pouring millions of dollars in aid and low interest loans into the south pacific and what some say is a bid to keep regional powers australia and new zealand in check the tiny kingdom of tonga is emerging as a battleground in the fight for influence among pacific players. life moves at a slower pace without traffic lights or fast food chains snuffling pigs roam dusty roads but in a country with few jobs tongue's worry that chinese immigrants are taking over the small business sector. first of all our food supply mostly in chinese retail
27000 point mark the ends quarter there with a market's wrap up for us thank you very much the united states federal trade commission has voted to approve a $5000000000.00 settlement with facebook over a long running probe into the company's privacy violations the fine would be the largest the f.t.c. has levied on a tech company but its value is a largely symbolic facebook made nearly $56000000000.00 in revenue last year the wall street journal wrote that the f.t.c. report has been moved to the...
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Jul 24, 2019
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federal trade commission or noah phillips joins us to discuss facebook's record $5 billion penalty to put privacy violations behind it. facebook has announced it is being formally investigated by the ftc on antitrust. plus, facebook urging forward with at least one ftc settlement in its rearview mirror. the company posted second-quarter results, shares are up as most of wall street says fundamentals remain strong. tesla resorts second-quarter results, cutting losses and wall street reacts. we will break down what went wrong and right. our top story, facebook out with second-quarter earnings, proving the company can grow advertising and users while feeling the heat from regulators worldwide. hours after facebook announced a settlement with the u.s. federal trade commission to end a probe into the privacy policies, the beingy confirmed it is investigated by the ftc on antitrust as well. facebook was alerted to the investigation in june but is just now sharing the news with investors. this as growth in revenue and daily active users beat estimates but with its reputation continually unde
federal trade commission or noah phillips joins us to discuss facebook's record $5 billion penalty to put privacy violations behind it. facebook has announced it is being formally investigated by the ftc on antitrust. plus, facebook urging forward with at least one ftc settlement in its rearview mirror. the company posted second-quarter results, shares are up as most of wall street says fundamentals remain strong. tesla resorts second-quarter results, cutting losses and wall street reacts. we...
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Jul 24, 2019
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federal trade commission probe into the social med's giant privacy practice. as the settlement shows the feds are getting tougher with tech fms, but as nbc's liz mcgloghlin shows usthe punishment may not change how silicon valley does business. >> this is a watershed moment in privacy enforcement. >> the federal trade commission's fine for facebook is record-breaking. >> a $5 billion civil penalty. >> part of a settlement ending an investigation into facebook's privacy practices. ceo mark zuckerberg said in a post in part, we've agreed to pay an historic fine. but even more importantly, we'ro going make some major structural changes as to how we build products and run thi company. >> this enforcement action provides immediate protections for facebook users. >> the agreement establishes a new board to oversee facebook's privacy practices. some say today's penalties don'r go enough. >> i don't think this does anything to change incentives and because it doesn't change ti incens, it won't change behavior. >> the settlement doesn't restrict facebook's use of personal data for advertising. part of what prompted the ftc's five commissioners to vote against it. >> this
federal trade commission probe into the social med's giant privacy practice. as the settlement shows the feds are getting tougher with tech fms, but as nbc's liz mcgloghlin shows usthe punishment may not change how silicon valley does business. >> this is a watershed moment in privacy enforcement. >> the federal trade commission's fine for facebook is record-breaking. >> a $5 billion civil penalty. >> part of a settlement ending an investigation into facebook's privacy...
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forrest whiting is with me in the studio so alex tell us more about exactly why this fine is being levied well it's the u.s. federal trade commission o f t c and that is basically the consumer's protection agency and they have been investigating allegations that a british political consultant cif cambridge analytic was accessing this facebook data and using it basically for its own ends and now cambridge analytical which now no longer exists had a special op that was linked to facebook where it could harvest this information and the company was also allegedly involved in donald trump's presidential bid back in 2016 the question though for facebook was when. it was violating its requirements to notify uses that it was actually allowing that data to be used by somebody else whether they had given their consent and that's what this is a little about this is a record fine $5000000000.00 but presumably this is not a record that facebook is too happy about breaking it's probably not to know but i think the point is that within the commission itself there were 3 republican commissioners who are happy with the fine but 2 democrats who appa
forrest whiting is with me in the studio so alex tell us more about exactly why this fine is being levied well it's the u.s. federal trade commission o f t c and that is basically the consumer's protection agency and they have been investigating allegations that a british political consultant cif cambridge analytic was accessing this facebook data and using it basically for its own ends and now cambridge analytical which now no longer exists had a special op that was linked to facebook where it...
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federal trade commission ordered facebook to pay $5000000000.00 over its failure to protect use a date of the f.t.c. also meant mandates at the network to set up an independent committee to oversee its privacy policy c.e.o. mark zuckerberg says his company was in the process of making major changes that signal a quote new chapter for facebook. he is standing by in frankfurt chelsea we've seen companies hit with big fines a lot recently and shares usually went down on the news if the underlying numbers were still good why is it different this time. that's fair for a lot of companies but these big tech giants they sort of are exempt from those rules and particularly with facebook people called the tough tough line company because it has been so resilient to all of these privacy concerns the cameras and i want to scandal these things have really been overhanging facebook for years and the stock has only risen one reason why this isn't having a huge impact though as facebook and i had already warned that they were going to be taking this settlement with the f.t.c. they had said earlier thi
federal trade commission ordered facebook to pay $5000000000.00 over its failure to protect use a date of the f.t.c. also meant mandates at the network to set up an independent committee to oversee its privacy policy c.e.o. mark zuckerberg says his company was in the process of making major changes that signal a quote new chapter for facebook. he is standing by in frankfurt chelsea we've seen companies hit with big fines a lot recently and shares usually went down on the news if the underlying...
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Jul 29, 2019
07/19
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however, hackers are using the claims as another opportunity to steal personal information. the federal trade commissionarning twitter users to be wary of fake websites. billions of dollars writing on apple's third-quarter results. the iphone maker is the second largest holding across u.s. etf's behind microsoft. tesla is stepping into the streaming game. ceo elon musk announced drivers will soon be able to stream netflix and youtube from an-car displays. the option would only work if the car is not in motion. caroline: one to debate. coming up, mexico's president says interest rates are too high for the country's slowing economy. this is bloomberg. ♪ mark: i'm mark crumpton with bloomberg's first word news. the trump administration says the government employee health plan will tighten rules on opioid painkillers starting this fall. they's -- it is the world's largest job-based health plan, covering an estimated 9 million people. under the new policy, the initial prescription will be for a seven day supply instead of up to 30 days. the president this weekend issued a blistering attack on elijah cummings
however, hackers are using the claims as another opportunity to steal personal information. the federal trade commissionarning twitter users to be wary of fake websites. billions of dollars writing on apple's third-quarter results. the iphone maker is the second largest holding across u.s. etf's behind microsoft. tesla is stepping into the streaming game. ceo elon musk announced drivers will soon be able to stream netflix and youtube from an-car displays. the option would only work if the car...
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Jul 24, 2019
07/19
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federal trade commission or noah phillips joins us to discuss facebook's record $5 billion penalty tocy violations behind it. facebook has announced it is being formally investigated by the ftc on antitrust.
federal trade commission or noah phillips joins us to discuss facebook's record $5 billion penalty tocy violations behind it. facebook has announced it is being formally investigated by the ftc on antitrust.
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Jul 13, 2019
07/19
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5000000000 dollars settlement with facebook of its handling of use a doctor that's according to the wall street journal the federal trade commission has been investigating allegations that the social media giant shared the information of 87000000 users with the bush political consulting firm cambridge analytical assessment would be the largest civil penalty ever paid to the commission. and again on it is a problem in doha but the headlines on al-jazeera fighting has broken out between police protestors near hong kong the border with mainland china the protesters angry trade just who come all over the border and. by products cheaply and back in the mainland it follows weeks of rallies against china's influence on how the city is run to reno and though don has the latest from hong kong. tension basically erupted when some of the protesters accused a few police officers of spraying pepper spray on them and that's when the situation basically escalated the police who were manning at that particular area were quickly outnumbered they were pushed back to the police station they sent back riot police who then also struggled to basically
5000000000 dollars settlement with facebook of its handling of use a doctor that's according to the wall street journal the federal trade commission has been investigating allegations that the social media giant shared the information of 87000000 users with the bush political consulting firm cambridge analytical assessment would be the largest civil penalty ever paid to the commission. and again on it is a problem in doha but the headlines on al-jazeera fighting has broken out between police...
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Jul 29, 2019
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hackers are using the claim is another opportunity to steal personal information. the federal trade commissionrs on twitter to be wary of fake websites claiming to be the equifax settlement claims website. to learn more about a possible claim, visit the site. has agreed tosoft invest a billion dollars in a partnership with peter thiel and elon musk. as part of the partnership, open ai will use the azure fund services to train and run the groups ai software. joining us to discuss is gregg brockman. >> thank you for having me. we are working together with microsoft to build next-generation supercomputers. what were trying to accomplish is to build what we call artificial general intelligence, trying to build a computer system that is as capable as a human at being able to master to domain of a study and master more fields of study than one human can. emily: give me some examples of what it might be able to do. greg: for example, build a solveer system that can medicine better than humans can. we do it by increased specialization. talk to the first doctor who doesn't ultrasound but cannot read it
hackers are using the claim is another opportunity to steal personal information. the federal trade commissionrs on twitter to be wary of fake websites claiming to be the equifax settlement claims website. to learn more about a possible claim, visit the site. has agreed tosoft invest a billion dollars in a partnership with peter thiel and elon musk. as part of the partnership, open ai will use the azure fund services to train and run the groups ai software. joining us to discuss is gregg...
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Jul 25, 2019
07/19
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federal trade commission for violating its uses privacy it is the largest ever penalty of its kind imposed by the f.t.c. facebook now has to create a special committee to oversee privacy decisions made by chief executive mark zuckerberg a boeing has announced its largest quarterly loss on rec order after the grounding of its 737 max aircraft the company lost $3000000000.00 in its 2nd quarter and sales fell more than a 3rd and $77.00 max fleet was grounded in march after 2 crashes in 5 months those are the headlines al-jazeera world is next. 2. was. was. coming and. going in the orchestra and i've seen the security in the corner in a small office the symphony for us the lot because some of them looked a lot but on you know some of the so evil of just so limited as it was a limitless scene. as if you live from a sunni leonard had it and has an advantage with. you should i leave the only survivor of the show all of us a bit of a figure to iraq. and a walk in the name of just what any seen as a you know you move to the internationally but. because of the the the week. was. the week. the was. a
federal trade commission for violating its uses privacy it is the largest ever penalty of its kind imposed by the f.t.c. facebook now has to create a special committee to oversee privacy decisions made by chief executive mark zuckerberg a boeing has announced its largest quarterly loss on rec order after the grounding of its 737 max aircraft the company lost $3000000000.00 in its 2nd quarter and sales fell more than a 3rd and $77.00 max fleet was grounded in march after 2 crashes in 5 months...
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$2000000000.00 a deal with the federal trade commission fine let's not forget the company already took an additional charge of 3000000000 dollars earlier year 4 to support us as a tool and meanwhile daily a monthly fee of users were operated percent as we know it is a do come out right after the you have to see announced a deal with facebook a really good day. company with a record of $5000000000.00 fine over a consumer of privacy violations it may sound big about the company has already set aside money we said while some critics say the. changes will change how to operate said but also looming over facebook is the justice department later proved to us scrutinize tech giants facebook and. luis the hero there on wall street for us thank you very much for your insights. in a german corporate news a deutsche bank announced a loss of $3100000000.00 euros for the 2nd quarter it's been attributed to the costs of the major restructuring plan announced earlier this month germany's biggest lender is drastically cutting back its investment banking operations with a loss of 18000 jobs. in savings says deutsche a has already taken significant steps as part of implemen
$2000000000.00 a deal with the federal trade commission fine let's not forget the company already took an additional charge of 3000000000 dollars earlier year 4 to support us as a tool and meanwhile daily a monthly fee of users were operated percent as we know it is a do come out right after the you have to see announced a deal with facebook a really good day. company with a record of $5000000000.00 fine over a consumer of privacy violations it may sound big about the company has already set...
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Jul 16, 2019
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us now from washington. ofthe studio, the former cto the u.s. federal trade commission.were still at the ftc, you would be guiding a potential antitrust investigation into facebook and helping the agency make decisions about what to look at and what not to look at. what is your take on a, facebook being in the hot seat today on multiple issues -- cryptocurrency, antitrust, all of the two years of controversy that facebook has been dealing with being lumped into these two hearings -- what kind of actions should the federal government be taken? guest: that is a great question. most of the hearings are around both public sentiment and congressional sentiment around big tech. arising from a non-surveillance economy that big tech has been known to use in terms of the primary business model. the calls to break up, the calls for data privacy laws and concerns around libra are around this idea of the abuse of the platforms, lack of accountability and what the federal government can do. emily: meantime, even in this hearing on libra, all of these other issues that facebook has be
us now from washington. ofthe studio, the former cto the u.s. federal trade commission.were still at the ftc, you would be guiding a potential antitrust investigation into facebook and helping the agency make decisions about what to look at and what not to look at. what is your take on a, facebook being in the hot seat today on multiple issues -- cryptocurrency, antitrust, all of the two years of controversy that facebook has been dealing with being lumped into these two hearings -- what kind...
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Jul 25, 2019
07/19
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federal trade commission. thank you so much for joining us on a big day. thank you. good to have you.oming up, the year of big tech ipos continues. wework could be hitting the public market at the end of the year. we will have that story next. this is bloomberg. ♪ emily: wework is listed in -- looking to september in what could be the second largest ipo of the year. they are targeting a sale of about $3.5 billion. softbank is their biggest investor. it values the business, which is still unprofitable, at $47 billion. another setback for the self-driving car company. -- industry. the general motors unit is backing off plans to deploy robo taxis by the end of the year. the performance will not be able to be examined in time. coming up, tesla sputters. shares of the electric carmaker fall in after hours trading after the company reports a worse than expected second-quarter loss and backtracks on a profit forecast. facebook's earnings call still underway. take a listen to mark zuckerberg telling investors about the $5 billion fine his company will be paying the ftc. >> i want to talk abou
federal trade commission. thank you so much for joining us on a big day. thank you. good to have you.oming up, the year of big tech ipos continues. wework could be hitting the public market at the end of the year. we will have that story next. this is bloomberg. ♪ emily: wework is listed in -- looking to september in what could be the second largest ipo of the year. they are targeting a sale of about $3.5 billion. softbank is their biggest investor. it values the business, which is still...
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Jul 13, 2019
07/19
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5000000000 dollars settlement with facebook over its handling of use of data according to the wall street journal the federal trade commission has been investigating allegations the social media giant shared the information of 87000000 users with british political consulting firm cambridge analytics. this isn't just their homes the whole robin remind of all top news stories a protest near hong kong's border with mainland china as violence on saturday fights with police arrested following a rally traders who flocked across the border to buy tax free products and photos weeks of rallies against china's influence on how the city is run. finds its money and say they attacked a hotel killing at least 26 people and injuring dozens more among the dead in the port city of may all people from kenya tanzania the u.s. britain and canada. protesters are rolling in sudan's capital to mark 40 years since a quote 40 days in fact since a crackdown by security forces that killed more than 100 people a political transition agreement between sudan's military jointer the pro-democracy coalition is expected to be signed later on saturday. turkey
5000000000 dollars settlement with facebook over its handling of use of data according to the wall street journal the federal trade commission has been investigating allegations the social media giant shared the information of 87000000 users with british political consulting firm cambridge analytics. this isn't just their homes the whole robin remind of all top news stories a protest near hong kong's border with mainland china as violence on saturday fights with police arrested following a...
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Jul 25, 2019
07/19
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us on this. >>> so facebook has struck a deal with the federal trade commission, a deal that involves a records are already calling it a slap on the wrist. this all centers around what facebook can do with your data, which includes your personal information. it started with an investigation to whether cambridge analytica, a political consulting firm linked to the trump campaign improperly accessed data on as many as 87 million facebook users. among other things, this settlement requires facebook's board of directors to create an independent price committee. so ceo mark zuckerberg does not have complete control over privacy decisions. they will have to file reports every quarter showing that the company is following through on things. and things and facebook will have to conduct a privacy review of every new or modified product or service or practice before it's actually implemented. the ftc chair is defending the terms of this settlement. >> we were faced with two choices here, one settle on excellent terms, or, two, litigate for years and likely come away from even a favorable court decision
us on this. >>> so facebook has struck a deal with the federal trade commission, a deal that involves a records are already calling it a slap on the wrist. this all centers around what facebook can do with your data, which includes your personal information. it started with an investigation to whether cambridge analytica, a political consulting firm linked to the trump campaign improperly accessed data on as many as 87 million facebook users. among other things, this settlement...
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Jul 27, 2019
07/19
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to pay $5 pillion in the settlement with the federal trade commission over the tech giant's role in the analytical scandal. joe simon said they rsceived us about the ability to control their personal information. part of the eftc agre requires facebook institute an independent privacy committee diwhile understa fall certification will subject them to individual, civil pend criminaalty. on the same day facebook record $16 billion in revenue for the second quarter. a 28% increase from the same period a . year a joining me is san francisco bureau chief jeremy owens from market watch. thanks for being here. having me. or >> so let's back up and t talk abthe scandal which seems kind of far away at this point. what was that all about? and with why did that cause so much outrage. >> basically, the data that was involved in the scapeddal was taken through a quiz app and involved a lot of data that facebook doesn't allow thesapps to take anymore but that was then given and sold to a polital consultant team called cambridge analytical that used it for brexit and trump's election to target users. now, that -- facebthk claims t they changed the rule
to pay $5 pillion in the settlement with the federal trade commission over the tech giant's role in the analytical scandal. joe simon said they rsceived us about the ability to control their personal information. part of the eftc agre requires facebook institute an independent privacy committee diwhile understa fall certification will subject them to individual, civil pend criminaalty. on the same day facebook record $16 billion in revenue for the second quarter. a 28% increase from the same...
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Jul 12, 2019
07/19
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CNBC
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us and get up to $650 when you switch. that's verizon. >>> welcome back to "fast money" reports saying the federal trade commission has slapped facebook with $5 billion settlement over the company cambridge analytica scandal in 2015, the largest fine imposed by them on a tech company, it looks like the company dodged a heftier fine is the worst over for facebook >> some might say it is a $5 billion slap on the wrist. it was at the high end of all expectations it was not a number that was early on part of, you know, kind of the whisper numbers so we have talked about facebook needing to basically appeal to washington and throw themselves accountable. the bigger issue for me is really how can facebook begin to measure the cost to their overall business from security and from programming and, you know, so far it has been proven to be less about sentiment towards the company. i think this has to be seen as a victory. >> well, no, i mean maybe. but like june 3rd, remember when facebook was trading 180 and in two trading days it went to 16 because doj and fcc was going to divide up the maga caps and see what they would investigate. that's what w
us and get up to $650 when you switch. that's verizon. >>> welcome back to "fast money" reports saying the federal trade commission has slapped facebook with $5 billion settlement over the company cambridge analytica scandal in 2015, the largest fine imposed by them on a tech company, it looks like the company dodged a heftier fine is the worst over for facebook >> some might say it is a $5 billion slap on the wrist. it was at the high end of all expectations it was not...
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Jul 16, 2019
07/19
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calling on the federal trade commission to focus on trade issues, including preventing people from jumping ship for better pay. noncompete clauses hurt workers and you have the opportunity to use the authority to benefit all americans. in california, we're already setting the pace with labor laws that protect against the practices and we urge the federal government to follow suit. he joined other states and the district of columbia in the letter. it hurts workers' wages and harm con sul sumers, they said. >>> and big tech is in the hot seat. the senate committee is planning a hearing that is called censorship through search engines headed by senator ted cruz. he is the biggest, most vocal senator saying there is discrimination against conservative viewpoints via the search engine. the company denied that yesterday. and facebook is on capitol hill answering questions about the new currency called libra. the treasury national secretary is very concerned about the prospect of this. he is not alone. tech experts also feel this way. >> when i think about the whole thing, it's the wrong company. that's the main theme for it. if it was another company other than facebook, we would ha
calling on the federal trade commission to focus on trade issues, including preventing people from jumping ship for better pay. noncompete clauses hurt workers and you have the opportunity to use the authority to benefit all americans. in california, we're already setting the pace with labor laws that protect against the practices and we urge the federal government to follow suit. he joined other states and the district of columbia in the letter. it hurts workers' wages and harm con sul sumers,...
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now do job use alec forest whiting has been tracking that story and joins me now welcome alex 1st of all can you explain exactly why this fines be levied well the u.s. federal trade commission or f.t.c. is basically the consumer protection agency and it is been investigating allegations that the british political consultancy firm cambridge analytical had been accessing the data of tens of millions of facebook users the cambridge analysts ago which has since collapsed had a quiz on facebook where it was harvesting this information and the company was also alleged to have had links with donald trump's 2016 presidential campaign the issue is whether facebook broke regulations in not notifying facebook users that they were using their data and sharing it and that they didn't get consent from those users so that is what this f.t.c. investigation has been about also talking about a record fine of $5000000000.00 that everyone's happy about that that's right and on this commission there are 3 republican commissioners who backs this but 2 democrats who didn't because they apparently did not think that this was tough enough on facebook now that seems crazy when you look at the amount
now do job use alec forest whiting has been tracking that story and joins me now welcome alex 1st of all can you explain exactly why this fines be levied well the u.s. federal trade commission or f.t.c. is basically the consumer protection agency and it is been investigating allegations that the british political consultancy firm cambridge analytical had been accessing the data of tens of millions of facebook users the cambridge analysts ago which has since collapsed had a quiz on facebook...
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Jul 18, 2019
07/19
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minority leader chuck schumer is calling on the fbi and federal trade commission to conduct a national security and privacy investigation. candace tells us downloading the app exposes your data.>>>>> reporter: is the latest social media challenge. face app ai ability to make you old has gone viral. celebrities like the jonas brothers ludicrous anti-reese and kevin hart. in all transparency even i use it. only to find out i will look like disney's grandmother will and mama cocoa in apparently ,300. jokes aside business law attorney elizabeth weinstein said she checked face apps developing company wireless lab and had concerns.>>> this is a company located in russia. so i was concerned this this mean my data is going to be going to russia? is going to be assessable to russia?>> reporter: no nefarious connections have been confirmed. they are based in st. petersburg russia. and is run by this man who released a statement wednesday saying even though the research and development team is located in russia to use the data is not transferred to russia.>>> he may be completely telling the truth. he doesn't control what happens tomorrow. it doesn
minority leader chuck schumer is calling on the fbi and federal trade commission to conduct a national security and privacy investigation. candace tells us downloading the app exposes your data.>>>>> reporter: is the latest social media challenge. face app ai ability to make you old has gone viral. celebrities like the jonas brothers ludicrous anti-reese and kevin hart. in all transparency even i use it. only to find out i will look like disney's grandmother will and mama cocoa...