*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).
Sergio Marchionne, who resigned as CEO of Fiat Chrysler over the weekend, died in Zurich on Wednesday. Mark Rechtin, executive editor for Motor Trend, emphasized Marchionne's brilliance as a CEO, and the impact his death will have on the company.
The stock was down more than 20 percent after hours after the company reported monthly active users of 2.23 billion in the second quarter, below Wall Street estimates for 2.25 billion. Revenues also fell short of expectations in the first report to cover a full quarter since the Cambridge Analytica scandal broke.
The social media platform has received a lot of criticism recently for how it handles fake news, particularly when it comes to conspiracy theorist Alex Jones. But censoring content would be a much worse strategy, said Axios reporter Sara Fischer.
The venture capitalist and husband of Serena Williams was one of the first investors in Coinbase. He told Cheddar he's staying away from the more speculative ICOs and instead investing in the "picks and shovels" that provide fundamental support for the long-term viability of cryptocurrencies.
AT&T announced this week it will bring 5G capabilities to Charlotte and Raleigh, North Carolina and Oklahoma City by the end of 2018. Melissa Arnoldi, President of Technology and Operations at AT&T, says building in these locations may help close the rural-urban digital divide.
Pinterest has lost both its SVP of Engineering and SVP of People, the company confirmed to Cheddar. The departures come as $12 billion Pinterest is reportedly prepping to go public in 2019.
The San Francisco-based fintech firm's Series B funding round is led by Kleiner Perkins. Tally lets users link their various credit cards and pays them off on their behalf.
Mike Shields, Advertising Editor at Business Insider, predicts there will be a battle royale among original-content streaming platforms like YouTube TV, Twitch, Facebook Watch, and Instagram's IGTV. YouTube's strategy, Shields tells Cheddar, is to attract new talent with 6-figure payments.
The Tesla exodus continues, with the departure of a top sales Exec just adding to the string of departures from the company. Mark Spiegel, Managing Member at investment firm Stanphyl Capital, explains why investors should avoid the stock as Telsa faces another executive's departure.
Rich Greenfield, media and tech analyst at BTIG, discusses why there's no better time than right now to get in on Spotify. The streaming music platform is set to announce earnings on Thursday.
