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Senators Call Potential Facebook Fine a ‘Bargain’

By Ashley Gold
· · Source: The Information

A bipartisan pair of senators criticized the Federal Trade Commission in a letter Monday, likening a possible $5 billion penalty for alleged privacy violations to a speeding ticket for companies Facebook’s size. The lawmakers called for sweeping changes at the company and said that Facebook executives should be held individually accountable if the agency finds they knowingly violated a previous...

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Uber Finally Hits $90 Billion Market Cap; The Information’s Tech Briefing
By The Information Staff · Nov. 24, 2020 5:00 PM PST
Uber Finally Hits $90 Billion Market Cap; The Information’s Tech Briefing
Most major tech stocks rallied with the rest of the stock market on Tuesday, as the Dow Jones Industrial Average passed the 30,000 mark for the first time. Some tech stocks hit highs nearly as symbolic as the Dow’s closing level. Uber, for instance, rose 2.4% to $51.26, its highest price ever and putting its market capitalization at $90 billion. That was the top end of its expected IPO...
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