Online privacy

Facebook expects to be fined billions by U.S. government

Facebook CEO Mark Zuckerberg
Facebook's CEO Mark Zuckerberg in May 2018. Photo: GERARD JULIEN/AFP/Getty Images

Facebook told investors it expects a Federal Trade Commission fine of up to $5 billion, driving down its GAAP earnings per share. Still, Facebook stock was up more than 4% in after-hours trading Wednesday after reporting otherwise positive first-quarter earnings.

Why it matters: Reports had suggested that the FTC could slap Facebook with a multibillion-dollar fine as a result of an ongoing investigation into Facebook's handling of data privacy. Facebook says it expects a loss of $3 to $5 billion from the debacle. The matter still unresolved.

Alexa users' addresses can be found by Amazon's audit team

Case of Amazon Alexa products in a store
Photo: Smith Collection/Gado/Getty Images

Amazon's Alexa audit team, which helps improve responses for the online assistant, has the ability to obtain customers' home addresses via their location data, Bloomberg reports.

Why it matters: While there is no evidence that Amazon employees have attempted to do so, with Amazon telling Bloomberg that these instances are "highly controlled," it's yet another example of how customers can fail to understand how much personal data they're sharing by utilizing Big Tech products and services.

Go deeper: The privacy paradox