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Facebook fined $70 million for ‘deliberate’ failure to comply with UK regulator

CNN Walé Azeez, CNN Business The UK competition regulator has slapped Facebook with a $70 million fine for repeatedly ignoring warnings and deliberately breaking its rules. The Competition and Markets Authority (CMA) said in a statement Wednesday that Facebook had “consciously” refused to report all the required information during an investigation of the tech giant’s

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Are you a parent concerned about the impact Instagram is having on your children? Share your family’s story

By Samantha Murphy Kelly, CNN Business A Facebook whistleblower has helped renew concerns that some parents have likely had for years: what impact social media is having on their kids. Frances Haugen, a 37-year-old former Facebook product manager, testified this week that the company’s algorithms can push young Instagram users toward harmful content, such as

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Google will prevent climate change deniers from making money from ads

By Rishi Iyengar, CNN Business Google is cracking down on the ability of climate change deniers to make money off its platforms and to spread climate misinformation through advertisements. The company said Thursday it will no longer allow advertising to appear alongside “content that contradicts well-established scientific consensus around the existence and causes of climate

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Former Theranos lab director ‘grilled’ over course of six days in trial of Elizabeth Holmes

By Sara Ashley O’Brien, CNN Business In the criminal trial of Elizabeth Holmes, one witness has hogged the spotlight so far: former Theranos lab director Adam Rosendorff. Rosendorff, who ran Theranos’ clinical lab during a crucial period for the startup as it launched blood testing to consumers with Walgreens, has occupied the witness stand for

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