*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).
Early Monday, the FTC confirmed it is investigating Facebook's data practices. Specifically, the FTC will look into whether the incident with Cambridge Analytica "is violating a previous agreement" with the FTC in 2011, says Kim Hart, managing editor at Axios.
Facebook shares continued to fall Monday after the FTC officially announced it was investigating the social media company over its privacy practices. Cheddar reached out to Facebook for a comment on the FTC probe and received the following statement from Deputy Chief Privacy Officer Rob Sherman:
“We remain strongly committed to protecting people’s information. We appreciate the opportunity to answer questions the FTC may have.”
Chad Morganlander, Portfolio Manager at Washington Crossing Advisors, weighs in on recent market volatility we've been experiencing. He also discusses Dropbox's public debut and whether the company can keep up momentum while so many other tech stocks are tanking. As far as what to expect from the markets moving forward, Morganlander says "put your seatbelt on, put your helmet on, and just ride out the volatility."
Bonnie Fuller, editor-in-chief at Hollywood Life, joins us to recap the biggest moments from the March For Our Lives rally in Washington over the weekend. Fuller says one of the most powerful moments was when Parkland student Emma Gonzalez remained silent for several minutes to represent how many minutes the shooting lasted. The students are planning another national school walkout next month to keep up the pressure on lawmakers to pass gun legislation.
Waymo has been taking a more "slow and steady approach" to self-driving tech than Uber and has racked up more miles of testing, says Alex Roy, Founder of The Human Driving Association. Uber took heat this week after one of its autonomous vehicles struck and killed a woman in Tempe, Ariz.
The problem with regulating Facebook is that the social media network operates in over 190 countries in a multitude of languages. On top of that "governments themselves are abusing it," making it an extremely complex company to rein in, says David Kirkpatrick, author of "The Facebook Effect: The Inside Story of the Company That is Connecting the World."
President Trump's proposed tariffs on Chinese imports and Facebook's privacy scandal both weighed down markets Thursday, said Daniel Ives, Chief Strategy Officer at GBH Insights. The Dow ended the day more than 700 points lower.
On Wednesday night, the Facebook CEO sat down with four media outlets to discuss the Cambridge Analytica scandal that has engulfed the company for the past week. While he hit the right tone and talking points, he didn't really address most users' concerns, says Ina Fried, Chief Technology Correspondent at Axios.
Many know Roku for its hardware. But it's focusing on content distribution and streaming, and CEO Anthony Wood says on that basis, it would be the third largest cable operator in the U.S.
Congressman John Garamendi (D-CA) told Cheddar he believes the Trump campaign was aware of the use of private data harvested off Facebook and is outraged the social media company sought to profit off the move. The company remains under fire amid a data scandal that unveiled private information of more than 50 million users to an analytics firm working for the Trump campaign.
Artists who are just putting out their first products turn to SoundCloud, whereas other platforms pick them up after they've built a bit of momentum. That gives the company its edge, says Kerry Trainor, CEO of the music streaming platform.
The way Facebook's CEO has handled the privacy scandal so far raises questions about his leadership ability. His age might be to blame, says Rasmus Houggard, author of "The Mind of the Leader."
