Against major currencies. We start with facebook. The social media giant is facing more controversy than ever over privacy, Data Security and the spread of misinformation and harmful content. But that is not putting advertisers off. It continues to make vast amounts of money. Facebook made revenues of more than 17. 5 billion betweenjuly and september, up 28 on the same period last year. 6 billion dollars of that was profit. The company says more than 2. 8 billion people use at least one of its services, facebook, instagram, whatsapp, or messenger, every month. Well over 2 billion use one every day. But its costs are going up. It pledged to spend more than 3. 7 billion on safety and security in 2019. It already employs 30,000 people working in this area. Last quarter, facebook announced a 5 billion settlement with the federal trade commission over lapses in Data Security and privacy practices. And this week, instagram promised to remove images showing methods of self harm or suicide aft
Reached an agreement over trade. Financial markets in europe look like this right now. The price of oil has edged lower. We will talk you through the winners and losers. And cashing in on the growing Education Market well be hearing from a maths tutoring business which has added up to an empire worth hundreds of millions of dollars a year. And we want to hear about your box set guilty pleasures, after netflix reportedly agreed a half billion dollar deal to show old episodes of seinfield. Today we want to know, was it worth it . Whats your favourite binge watch . Get in touch just use the hashtag bbcbizlive. Mine is frazier, for the record. Hello and welcome to business live. Im with you, brazier is very hard to beat. Lets focus on another big name that you have all heard of, apple. One of the worlds most valuable tech firms is heading to court, in a bid to overturn a multi billion dollar tax bill in ireland. Its part of a landmark case in the eus efforts to close tax loopholes by multi
We start with a hearing in europes top court, which will have huge implications for hundreds of thousands of companies with european operations. In a landmark case, the European Court ofjustice in luxembourg will decide whether the way facebook transfers personal data to the us should be outlawed. The court will hear arguments by austrian privacy activist max schrems, who claims the Us Government doesnt sufficiently protect europeans data when its shipped across the atlantic. The case comes four years after mr schrems brought down safe harbour, a Previous Data sharing deal worth billions of euros between europe and the United States. At stake now is the legality of so called standard contractual clauses, complex mechanisms which allow facebook and thousands of other companies to move data freely from europe to the us and elsewhere. While the European Commission considers the system legal, mr schrem and his legal team are expected to argue that it runs against eu privacy rules because i
For a route to get the Indian Airline back in the sky, despite more than a billion dollars of debt. Financial markets, the only way is down in europe following a torrid session in asia with more tough talk coming from the us in the direction of china about trade. Also coming up later. Taking a punt on gambling well speak to the boss of one of the industrys biggest specialist websites and find out how he deals with the pressures of a heavily scrutinised activity. Today we want to know. It is world emoji day apple has released 20 new ones. Are you a fan of smileys and do you use them at work . Are they a useful communication tool or do they cause misunderstanding . Let us know just use the hashtag bbcbizlive. A very warm welcome. Do get in touch. Ben regularly sends me a heart or a confused face. The french finance minister is urging a group of the worlds biggest economies to Work Together on taxing the tech giants. Bruno le maire is hosting g7 finance mininster near paris amid a growing
Cloud market in the uk thats much more than the 55 share they have globally. Their nearest rival, google, only has between 5 10 . Lets discuss this further. Professor suzanne rab is a barrister at serle court chambers, specialising in competition and regulatory law. Lovely to see you. First of all, just talk us through what of commerce trying to achieve here. ,. ,. ,. Of commerce trying to achieve here. ,. , ,. , here. They are concerned that the market here. They are concerned that the market may here. They are concerned that the market may not here. They are concerned that the market may not be the market may not be delivering benefits to customers. Theyve identified very high combined Market Shares of the leading players as in microsoft, and they are concerned that, as a result of that, and a combination of certain Business Practices, customers of Cloud Computing Infrastructure Services may face limitations on switching supplier and getting a better deal. Supplier and getting a bett