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Business Matters: Facebook faces $5 billion privacy penalty

Facebook fined $5 billion for privacy violation

13/07/2019 GMT

Facebook faces $5 billion privacy penalty

BBC World Service - Business Matters, Facebook faces $5 billion privacy penalty

The company is thought to have reached a settlement with the Federal Trade Commission

The penalty, which would be the largest ever against a tech company by the Federal Trade Commission, relates to privacy violations exposed as a result of the Cambridge Analytica scandal of March 2018. We get the latest from our technology reporter Dave Lee who's in San Francisco. As the world's largest brewer pulls out of the biggest flotation of the year so far, we hear why AB InBev changed its mind. And Helen Thomas, who worked as an advisor to Britain's former finance minister George Osborne, explains why certain events unexpectedly make stock markets move - or not. 

Nigel Cassidy is joined throughout the programme by political reporter Erin Delmore, from New York, and Colin Peacock, who's from Radio NZ in Auckland.

(Picture: The Facebook logo on a phone. Credit: Chesnot/Getty Images)

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