Little love for libra. And how amazon plans to take on its new highend echo speaker. We begin with that fresh facebook news. The ftc has approved a privacy settlement with the social media giant, fining facebook about 5 billion. This marks the most significant axiom yet against facebook over a series and send the company reeling from one crisis to another. I want to bring in kurt waggoner, who covers facebook for us. He joins us on the phone. In washington we have naomi, who covers corporate influence. We know about the amount of the fine, tell us more about any other Additional Details that will be coming along in the settlement . That is the key. Facebook had said i believed it was in april they set aside 3 billion for this very purpose and the fine could be up to 5 billion. This was something the company was prepared to handle. They also made 56 billion in revenue. The additional will be the details on whether or not any agreement includes something that could limit the Data Collect
Little love for libra. To take onzon plans its new highend echo speaker. Begin with that fresh facebook news. The ftc has approved a privacy settlement with the social media giant, fining facebook about 5 billion. This marks the most significant axiom yet against facebook over a series and send the company reeling from one crisis to another. I want to bring in kurt waggoner, who covers facebook for us. He joins us on the phone. In washington we have naomi, who covers corporate influence. We know about the amount of the fine, tell us more about any other Additional Details that will be coming along in the settlement . That is the key. Facebook had said i believed it was in april they set aside 3 billion for this very purpose and the fine could be up to 5 billion. This was something the company was prepared to handle. Made 56 billion in revenue. The additional will be the details on whether or not any agreement includes something that could limit the Data Collection the company has or an
Allegations. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im Alisa Parenti. This is bloomberg. Bloomberg technology is next. Emily im emily chang. This is bloomberg technology. A new number two. Coinbases Insider Trading suspicions. Investigation into a sudden spike in bitcoin cash just before it was officially introduced on one of most americas most popular cryptocurrency exchanges. Apple 2018 plans for a custom application that works effectively on the iphone, ifad, ipad, and mac. First, uber has a new number two. The worlds most valuable startup has named Bonnie Hartfords chief operating officer Bonnie Hartford its chief operating officer. She is the second highprofile hire by the over ceo. Move,n interesting considering the other uber news out early wednesday. Top courtan unions has officially ruled that the right Healing Service should be regulated ridehailing service should be regulated as a transport company, not a t
Pope francis will participate in a funeral mass on thursday at st. Peters basilica for the archbishop of the boston diocese, who resigned under pressure for having failed to protect children from pedophile priests. He died tuesday. Senator al franken has given an official timeline for when he will step down. Franken plans to resign january 2. He had announced earlier this month he would step down in the wake of Sexual Harassment allegations. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg. Bloomberg technology is next. Emily im emily chang. This is bloomberg technology. A new number two. Coinbases Insider Trading suspicions. Investigation into a sudden spike in bitcoin cash just before it was officially introduced on one of americas most popular cryptocurrency exchanges. And one app to bind them all. Apple 2018 plans for a custom application that works effectively on the iphone, ifad, ipad,
Is there really investor demand . Intel discloses this week that most of the processes running the World Computers and smartphones have a feature that makes them vulnerable to attacks. As the largest chip acre in the world, the impact is farreaching. Fixes are coming over the next few weeks and it sees no Material Impact to its business. Google says the issue affects other Semi Conductor firms. Microsoft, apple, and google says what we need to know. Google researchers found out that this might be a problem going back to the middle of last year. The idea was we get together, find a fix for this, then we put that fix in place, then we go and say, look, this is what happened. We sorted it out. Dont worry. Unfortunately, news intervened. People found out. They are now in scramble mode. We dont know the impact they will have on computers. Emily are there any legal issues . Regulators might look at this and say, hold on, you have one or two companies where everything depends upon. Why are we