*By Mike Teich*
A sweeping data privacy bill has been approved in California, but it may be too late for internet users to protect their information, said former National Counterterrorism Center officer Dave White.
"You have to consider yourself compromised," he said. "You’ve already given your data away."
Experts are calling it the nation's most far-reaching law to give consumers more control over their personal data. Under the law, customers can request what personal data companies have collected and what third parties have received it.
The passing of the historical bill didn't come without criticism. The ACLU of Northern California said the legislation falls "woefully short" in defending individuals' rights.
"It's a great first step," White said. However, “it doesn’t go far enough."
Companies that collect user data, from Amazon to Microsoft to Uber, lobbied aggressively against the law, pouring millions into a [opposition campaigns](https://www.theverge.com/2018/6/15/17468292/amazon-microsoft-uber-california-consumer-privacy-act).
But consumer advocates called it a milestone victory. "Today was a [huge win](http://money.cnn.com/2018/06/28/technology/california-consumer-privacy-act/index.html) and gives consumer privacy advocates a blueprint for success," James P. Steyer, CEO and founder of Common Sense Media. "We look forward to working together with lawmakers across the nation to ensure robust data privacy protections for all Americans."
For full interview, [click here](https://cheddar.com/videos/california-passes-historic-privacy-bill).
The e-commerce site Etsy is spending strategically on "performance marketing" to offer consumers a stronger connection with the site's 2 million creative sellers, says CFO Rachel Glaser.
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Snap beat analyst expectations for revenue in the second quarter, earning $262 million. But the company's Snapchat app lost 3 million users, its first quarterly decline. The company also reported a $250 million investment from Saudi Prince Alwaleed bin Talal, a billionaire tech investor.
Galileo Russell, Founder of HyperChange TV and a bull investor on Tesla stock, believes Musk's motion to take Tesla private at $420 was a long time coming if one were to follow signs of Musk's discontent with public investors. Russell's reaction is full of excitement, but hopes he will not be forced to sell shares because he would alt to hold.
With big-money backing from nearly every major Hollywood studio, NewTV should scare the established streaming services, says Julian Roman, correspondent for MovieWeb. "It's going to be prime-quality entertainment from Hollywood's biggest producers," meant to be distributed on mobile devices, Roman says.
A 12-month moratorium on most new for-hire licenses would let the city study how the expansion of ride-hailing services affects traffic, and how the Council can ensure drivers earn a living wage, says Speaker Corey Johnson. Uber and Lyft have pushed back against rules they say would limit their growth.
After years of spreading incendiary conspiracy theories, the right-wing gadfly Alex Jones was kicked off Facebook, YouTube, Apple, and Spotify because recent lawsuits highlight the "real-life harm" of his rhetoric, says Axios media reporter Sara Fischer, and the tech platforms have established a new standard for acceptable speech online.
Tesla stock remains one of the most divisive on Wall Street.
On one side, there are the bulls who love CEO Elon Musk's clean energy vision. On the other, a legion of short-sellers who believe financial reality will eventually catch up with the company. Galileo Russell, founder of HyperChange TV, and Mark Spiegel, managing member of Stanphyl Capital, joined Cheddar to make their bull and bear arguments for Tesla.
The electric carmaker's second-quarter earnings report only widened the rift between the bulls, represented by Galileo Russel of HyperChange TV, who says Elon Musk is a visionary, and bears like Mark Spiegel of Stanphyl Capital who says the company's financials are inescapable.
PepsiCo CEO Indra Nooyi is stepping down after 12 years with the company. She helped push the soda giant into exploring healthier food and beverage options in light of changing preferences. Longtime Pepsi veteran Ramon Laguarta will replace Nooyi.
Disney, Fox, Snap, Dropbox, and others report earnings this week as earnings season winds down. Kristen Scholer and Nora Ali discuss what to expect from these quarterly results.
The trade war between the U.S. and China escalated even further after Chinese state media called out President Trump specifically, accusing him of extortion. Andrew Egger, reporter at The Weekly Standard, joins Cheddar to discuss.
