Axios

Netflix CEO Reed Hastings once called his company a "rerun TV" company. Its transformation into an original content machine is impressive — and really expensive.

One company is having a hard time capturing U.S. regulators: Facebook. It's the subject of federal criminal investigation in New York, and is reportedly facing a record multi-billion-dollar fine from the Federal Trade Commission for violating its users' privacy.

The latest: An NBC News investigation has found that Facebook would regularly barter its users' privacy, opening up its treasured proprietary datasets to its most valuable partners, while denying them to potential rivals.

The CIA is warning Britain for its use of Huawei's technology to develop a 5G network after it was found that the Chinese telecoms company accepted money from varying branches of Beijing's state intelligence network, reports The Times.

Why this matters: This allegation directly links the world's largest telecoms equipment manufacturer to the Chinese state, per The Times. Huawei has previously denied that the company spies for China, but Chinese law forces companies to work with the security branches.

Go deeper: U.K. oversight board slams Huawei's "cybersecurity competence"