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Transcripts For BLOOMBERG Bloomberg Technology 20240714

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

Transcripts For BLOOMBERG Bloomberg Technology 20240714

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

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