Facebook revenues, users and share price are up, despite the social media giant warning that it could have to pay $3bn-$5bn for breaking US privacy rules. Image: Shutterstock.com
Luxembourg car hire company in Ireland, Huawei in Britain, and businessman really, really, really wanted that domain name. Delano’s breakfast briefing for Thursday.
Facebook warns privacy fine could be $3bn-$5bn; beats analyst expectations
Facebook put aside $3bn to pay a potential privacy fine from a US regulator and warned in its earnings announcement that the penalty could be as high as $5bn. Total first quarter revenue increased 26% from $12bn in 2018 to $15.1bn this year; analysts had forecast $15bn. Regular users were up 8% year-on-year. Facebook shares rose roughly 10% in afterhours trading. Reported by the Financial Times, Reuters and Techcrunch.
Crashes hit Boeing finances
Boeing said the grounding of the 737 Max fleet ate $1bn into its cash reserves, although it still posted a quarterly profit. Reported by ABC News, the Financial Times and Seattle Times.
A Google subsidiary became the first drone operator to receive US government authorisation as an airline and will begin a delivery service in the US state of Virginia, reported Bloomberg, Geekwire and NPR.
Sturgeon wants new Scottish independence vote in case of Brexit
Nicola Sturgeon, the first minister of Scotland, wants a second Scottish independence referendum to be held by May 2021, when the next Scottish parliament elections are due, if Brexit proceeds. Scotland voted to remain in the EU. Downing Street noted that Scottish voters rejected independence in the 2014 vote. Reported by the BBC, Guardian and Sky News.
Britain gives Huawei partial 5G OK
The UK decided to let the Chinese telecoms gear maker Huawei build part of Britain’s 5G mobile network, according to the Daily Telegraph. That earned criticism from the US, reported the Financial Times, and from within the governing Tory party, reported the Guardian.
Inquiry started into Gilets jaunes police suicide taunts
The Paris prosecutor’s office opened an investigation into Yellow Vest protestors who told police to “kill yourselves”. Twenty-eight French police officers died by suicide during the first three months of 2019; 68 did in 2018. Reported by AFP-Jiji Press, RFI and the Press Association.
A man in the US state of Iowa has been sentenced to 20 years in prison for attempting to steal an internet domain name at gunpoint for his cousin, and the cousin currently faces 20 years for conspiracy, reported The Register.