Internet

Why Facebook's new 'privacy cop' is doomed to fail

The Federal Trade Commission issued its largest-ever fine, of US$5 billion, to Facebook for violating a 2011 privacy settlement in late July. But the amount is only about a month's worth of the company's revenue, suggesting ...

Business

EU launches in-depth probe into Amazon over data use

The EU's powerful antitrust authority launched an in-depth investigationinto Amazon on Wednesday, amid suspicions the US-based internet behemoth misuses merchant data hosted on its website.