Situational awareness: Data giant Equifax agreed to a settlement with 150 million victims of its massive data breach.
Smart Brevity count: 1,224 words (< 5 min read)
Illustration: Aïda Amer/Axios
Although the U.S. government is still struggling to define regulations for the broader tech industry, it's finding ways to take action over the growing portion of the internet used by kids, Axios' Sara Fischer and Kim Hart write.
Why it matters: An increase in federal penalties against tech companies for violating kids' privacy rules is shaping new expectations for how the internet will be governed.
Driving the news: The Federal Trade Commission has reportedly approved a settlement with Google over kids' privacy violations on YouTube, per the Washington Post.
"This fine and the various debates about COPPA 2.0 are inevitably going to take children's digital protections to a much more comprehensive place," Dylan Collins, CEO of kids' tech platform SuperAwesome, tells Axios.
The big picture: Tech companies in general, and YouTube in particular, are facing increased scrutiny regarding how privacy tools are built to protect the most vulnerable group of internet users.
Be smart: A shift towards broader kids' privacy laws is important, because platforms built and designed for kids online are often neglected by the very kids they're built for.
By the numbers: According to a new kids' digital media report from SuperAwesome and PwC, 62 million kids globally went online for the first time in 2018, which accounted for more than 40% of the total net new internet users in 2018.
What's next: In light of increasing calls for action around YouTube's child privacy practices, the FTC is weighing updates to COPPA that would define how the law applies to websites and platforms that aren't designed for kids but are widely used by them.
The bottom line: The internet was originally built for adults, and the industry has never taken full responsibility for how kids use it. That could finally begin to change if policymakers and regulators ratchet up the pressure.
Listen to Sara and Kim discuss the state of kids' content on the #kidtech podcast.
The Trump administration is planning another meeting with tech leaders today, this time bringing together the heads of some of the country's biggest chipmakers to meet with White House economic adviser Larry Kudlow.
What's happening: A source tells Axios that the companies were told the meeting's agenda was simply "economic issues."
Why it matters: Several U.S. companies say the broad ban on business with Huawei, especially in the unit that makes phones and laptops, is hurting American companies without protecting national security.
The bottom line: If nothing else, perhaps the companies will leave with a better understanding of the Trump administration's moving-target rules.
Go deeper: Mnuchin, Kudlow invite U.S. tech giants to discuss Huawei ban (Bloomberg)
Amazon Prime has more than 100 million subscribers globally.
Behind the scenes: But the program started out as an experiment, unveiled by Jeff Bezos to top lieutenants at a Saturday morning meeting at his house during the holiday shopping season of 2004.
That story is the subject of the first episode of "Land of the Giants," a new podcast from Vox Media hosted by longtime Amazon reporter (and my former Recode colleague) Jason Del Rey.
"There was a lot of pushback," Vijay Ravindran, then head of ordering at Amazon, says on the podcast. "Very prominent people who are at Amazon today and in high positions told me 'You shouldn't be allowing Jeff to do this. This is setting a bad example for the company.'"
Why it matters: Prime has been a boon for Amazon, prompting its best customers to spend more and creating, as Bezos hoped, a moat that makes it harder for Amazon's e-commerce rivals to compete.
Details: In this first episode, Del Rey takes us deep on Prime, including...
Hackers nabbed 7.5 terabytes of data from a contractor to Russia’s Federal Security Service (FSB) and then leaked it to journalists, Axios' Joe Uchill reports.
Why it matters: The hacked materials provide a window into some projects that Russian security has undertaken in the past decade and confirm others.
Driving the news: Hackers stole files from 2009 on and replaced the contractor's home page with a smirking “yoba face,” a Russian symbol for trolling.
Between the lines: The FSB project getting the most media coverage was one Russia was caught operationalizing.
And, speaking of New York, check out these monsters taking over the city.