Jon Fortt co-anchors TechCheck on CNBC, and has covered technology and innovation for more than 15 years. Fortt Knox brings you rich ideas and powerful people. Guests include Intel CEO Brian Krzanich, Accenture CEO of North America Julie Sweet, Olympic champion Michael Phelps, and Broadway veteran Rory O'Malley (Hamilton, The Book of Mormon). Join Jon's conversations with power brokers on how they made it, what they value, and what makes them tick.
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Jon Fortt co-anchors TechCheck on CNBC, and has covered technology and innovation for more than 15 years. Fortt Knox brings you rich ideas and powerful people. Guests include Intel CEO Brian Krzanich, Accenture CEO of North America Julie Sweet, Olympic champion Michael Phelps, and Broadway veteran Rory O'Malley (Hamilton, The Book of Mormon). Join Jon's conversations with power brokers on how they made it, what they value, and what makes them tick.
Five billion dollars. That’s how much Facebook will have to fork over to the government under a settlement with the Federal Trade Commission. It’s the biggest fine for violating user privacy by a wide margin – 200 times bigger than the previous record, according to the FTC chair.
If I got hit with a 5 billion dollar speeding ticket, it would hurt. I’m not going to lie. But some are already saying the settlement doesn’t go far enough.
So. After this settlement, can Facebook say it has paid its debt to society? Or did Zuckerberg and company just make out like bandits?
And: What does this say about privacy regulators’ ability to effectively walk the beat in Silicon Valley?
With me this week to shake me out of my vacation-induced stupor: Farhad Manjoo of the New York Times.
Fortt Knox
Jon Fortt co-anchors TechCheck on CNBC, and has covered technology and innovation for more than 15 years. Fortt Knox brings you rich ideas and powerful people. Guests include Intel CEO Brian Krzanich, Accenture CEO of North America Julie Sweet, Olympic champion Michael Phelps, and Broadway veteran Rory O'Malley (Hamilton, The Book of Mormon). Join Jon's conversations with power brokers on how they made it, what they value, and what makes them tick.
