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
How facebook is fighting fake facebook, facebook on paying tribute to game of thrones as they do that. Fixates on trade tensions between china and the united states, another dispute is weighing heavily on chipmakers. Slappedk, japan restrictions on exports heading to south korea. Samsung, south koreas largest company, slid nearly 3 . Another company dropped 1. 5 . Together, the two Companies Account for 60 of the worlds memory chip capacity. Upsetting supply chain for iphones tofrom laptops. Why is this happening now . This is something that goes back over 100 years, you could argue, with japans invasion and colonization of korea. Korea argues, you never apologized. The japanese side says, yes we did. This appears to have bubbled up. Emily could it have anything to do with President Trump and him taking a similar tact in dealing with china . Ian that is the argument, that the japanese side, for domestic political reasons, they are saying, weve had enough of this. This is something that
The movement against the extradition bill. The chief executive in definitely postponed it, but not withdraw it. Many protesters say it was not enough. They wanted the chief executive to not only apologize, but withdraw the bill. But she says that they will not consider it until at least through the rest of this year. Protest organizers say they are angry and are calling for people to come out. Already, we are seeing families coming out the starting to fill up part of the square. Many of them are carrying white flowers, which some flower vendors are selling around the subway entrances in support of the one protester who did fall to his death late yesterday after climbing scaffolding. There was quite a press conference that we saw yesterday. Thane lam spoke for more one hour. When asked about if she was to resign, she was quite defined on that regard. Defined on that defiant on that regard. Ed absolute stephen absolutely. If she repeatedly asked would resign and she dodged the question a
Firms ceo. And congress probe into big tech kicks off the discussion on how facebook and google are challenging the news industry. We will hear from a top lawmaker who does not think big is necessarily bad. But first, to our top story. Apple has a backup plan if the u. S. China trade war continues to escalate. The companys manufacturing partner says it is able to make all iphones bound for the u. S. Outside of china if necessary. This group now makes most of apples smartphones at its chinese factory. Our bloomberg tech editor joined vonnie quinn with the details. Alistair this is an executive who was talking to investors and other people in taiwan, and our reporter in asia, debbie wu, was there to listen. This is more of a plan. They did not say apple asked foxconn to do this yet, but he was saying they are very capable of doing it. It has raised a lot of questions. We spoke to an analyst over here who looks at the smartphone industry, and he was saying that actualre talking about fina