The U.S. government and Facebook are negotiating a settlement over the company’s privacy lapses that could require the online social network to pay a multibillion-dollar fine, the Washington Post reported on Thursday.
The European Union is set to rewrite its two-decades-old copyright rules which will force Alphabet's Google and Facebook to share revenue with the creative industries and remove copyright-protected content.
Finance ministers from smaller European Union states on Tuesday opposed a plan to limit governments' power to block EU reforms on tax matters,further reducing the chances of introducing an EU levy on large digital firms.
The EU's effort to rewrite two-decade-old copyright rules to take into account online platforms such as Google moved a step forward on Friday when countries agreed on a common position for talks with lawmakers next week.
Facebook has been ordered to curb data collection practices in Germany after a ruling on Thursday that the world’s largest social network abused its market dominance to gather information about users without consent.