Stories by David McCabe

Report: FTC talking to Facebook about huge fine

Facebook logo on an iPhone in a back jeans pocket
Photo: Chesnot/Getty Images

Facebook is negotiating with the Federal Trade Commission over a possible multi-billion dollar fine to settle an investigation into privacy violations by the firm, the Washington Post reported Thursday.

Why it matters: Previous FTC privacy fines levied against tech firms have been in the (low) millions, not billions. A major fine would send a message to Facebook — and other tech giants — that the commission is determined to rein in careless treatment of user privacy.

Why Amazon pulled the plug

Illustration: Rebecca Zisser/Axios

Amazon has spent the past two decades conquering the world, but today it beat a stunning retreat from the New York leg of its HQ2 expansion.

Why it matters: The optics are terrible for Amazon. It dangled 50,000 jobs as a life preserver for America's mid-sized cities, then picked the D.C. area and NYC for the bulk of the winnings, only to balk at the prospect of a local insurgency over its lucrative incentives package.

Top T-Mobile and Sprint executives defend merger to Democrats

A man in profile looks forward, his hands clasped near his face
Sprint executive chairman Marcelo Claure (L) and T-Mobile CEO John Legere. Photo: Saul Loeb/AFP/Getty Images

Executives from T-Mobile and Sprint defended their merger during a Wednesday hearing from critics who say that the $26 billion deal will cost customers more money and employees their jobs.

Why it matters: With Democrats in control of the House, the deal — which the companies argue will help America keep pace with foreign competitors on 5G — is under more scrutiny.

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