Reports: Facebook faces $5B FTC fine, largest ever in tech
At $5 billion, the fine the FTC is about to levy on Facebook is by far the largest it's given to a technology company, easily eclipsing the second largest, $22 million for Google in 2012.
At $5 billion, the fine the FTC is about to levy on Facebook is by far the largest it's given to a technology company, easily eclipsing the second largest, $22 million for Google in 2012.
Internet
Jul 12, 2019
0
8
Richard Branson's Virgin Galactic will become the first publicly-traded space tourism project thanks to a New York-listed company's investment worth about $800 million, the Wall Street Journal reported Tuesday.
Business
Jul 9, 2019
0
1
Apple will manufacture its new Mac Pro computer in China, shifting away from a U.S. assembly line it had been using for that product in recent years, according to a report published Friday.
Business
Jun 28, 2019
1
0
A group of state attorneys general led by New York and California filed a federal lawsuit Tuesday to block T-Mobile's $26.5 billion bid for Sprint, citing consumer harm.
Telecom
Jun 11, 2019
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4
The US administration is stepping up scrutiny of Big Tech firms, which could result in a series of drawn-out legal battles aimed at reining in—and potentially breaking up—giants such as Google, Amazon and Facebook.
Business
Jun 4, 2019
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4
The US Department of Justice is preparing an antitrust investigation of Internet titan Google, the Wall Street Journal reported on Friday.
Business
Jun 1, 2019
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12
Facebook may have to wait longer before resolving a U.S. government investigation into the company's mishandling of personal information.
Internet
May 25, 2019
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11
Facebook has been in contact with US and British financial regulators with a view to launching its own cryptocurrency next year, the BBC reported on Friday.
Internet
May 24, 2019
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24
The US Federal Aviation Administration did not independently evaluate the safety of a Boeing 737 MAX system implicated in two deadly crashes, a person familiar with the matter said Tuesday.
Other
May 14, 2019
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11
Uber shares skidded Friday in a disappointing Wall Street debut following a massive public offering from the global ride-hailing giant.
Business
May 10, 2019
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9