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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The Takeaway
“It’s Hard to Know Where It Stops”
There are weeks when I read the news and think, “Really? Can all of this be happening?” Nowadays, I’m referring to the wild west of the startup and VC business, which is getting more insane by the term sheet. This week you saw unbelievable stories of rising prices, documented here by Kate. At the same time, there were important cautionary tales about the downsides of excessive...
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