Facebook Inc (NASDAQ:FB) may be looking at a fine of as much as $1.63 billion from a European Union privacy watchdog for a data breach last week affecting 50 million users, a report by the Wall Street Journal said.
The social media giant admitted that hackers compromised the accounts of 50 million people and regulators will looking to see if Facebook violated the EU"s strict new privacy law.
Ireland’s Data Protection Commission, which is Facebook’s lead privacy regulator in Europe, said on Saturday that it has demanded more information from the company about the nature and scale of the breach, including which EU residents might be affected, the report said.
Facebook shares were off by 1.85% to $161.41 by midsession on Monday.
The retailer is turning to the world's biggest online retailer as it struggles with its fourth straight year of declining sales.
Baby boomers have scaled back their purchases of new Harleys and the motorcycle company has been looking to entice younger customers with newer bikes and sleek apparel, the report said.
Shares of Amazon were weaker by 0.7% to $2,016.93.
The streaming service is developing a slate of specials that will let viewers choose the next storyline in a TV episode or movie, the report quoted people familiar with the matter said. Viewers will get to choose their own storylines in one episode of the upcoming season of “Black Mirror,” the Emmy-winning science-fiction anthology series.
The show is famous for exploring the social implications of technology, including an episode where humans jockey to receive higher ratings from their peers.
The foray into choose-your-own-adventure programming represents a big bet on a nascent form of entertainment known as interactive TV, the report said.
Netflix shares went up 2.28% to $382.65.
Several users have reported that their device refuses to charge if it has been idle for a while. Some charge only if the display is "woken up," according to the report.
While the 2017 iPhone X charged without problem, many of the new XS and XS Max phones refused to charge when plugged in, the BBC added.
Apple shares increased 0.9% $227.77.
The new section will show details for each leg of your journey, including disruptions to traffic and to bus or train departures, the report quoted Google as saying on Monday.
If there are delays, the app will suggest alternative routes. Android users will also get notifications about delays on a route as they happen. If you don't want Google to be aware of your commute route, you can hide that data by toggling your settings.
Google shares edged up 0.24% to $1,196.29.