Possible $5B Facebook fine echoes European tech penalties

The possibility of a $5 billion federal privacy fine for Facebook suggests that U.S. regulators may be taking a cue from the large penalties their European counterparts have been handing out to U.S. technology giants.

Privacy fine set-aside dents Facebook's profit

Facebook said Wednesday its profit took a hit from setting aside billions of dollars for an anticipated fine from US regulators, in a quarterly report that sent shares higher.

Facebook bans UK far-right groups

Social media giant Facebook on Thursday banned various far-right British groups including the English Defence League from its network for promoting hate and violence.

Netflix chief Hastings to leave Facebook board

Netflix chief Reed Hastings will depart Facebook's board of directors at the end of next month, according to a Friday filing with US regulators by the leading social network.

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