*By Carlo Versano*
As Facebook tries to recover from what might be its worst security breach yet ー one in which the personal details of at least 50 million accounts were exposed ー users are wising up about what they share on the vast social network.
"People are getting a little bit smarter," Mashable deputy tech editor Michael Nuñez said.
Nuñez pointed out Monday in an interview on Cheddar that the breach, announced by Facebook on Friday, was "not their first, but it is their worst."
Facebook ($FB) is now at risk for a potential $1.6 billion fine from European regulators who have more latitude to penalize the company since the landmark GDPR law went into effect, according to the [Wall Street Journal](https://www.wsj.com/articles/facebook-faces-potential-1-63-billion-fine-in-europe-over-data-breach-1538330906?dlbk&te=1&nl=dealbook&emc=edit_dk_20181001).
But even that would be just a "slap on the wrist" for a company with a market cap of $474 billion, Nuñez said.
The more pressing question is whether these security hacks will cause users to rethink their relationship with Facebook altogether.
Indeed, that may already be happening. Facebook has gotten so large that its growth has started to decelerate. Perhaps more importantly, "a lot of young people are skipping Facebook entirely" and choosing to share content elsewhere, Nuñez said.
Luckily for CEO Mark Zuckerberg, many of the platforms users are choosing instead ー WhatsApp and Instagram, for example ー are owned by Facebook.
At this stage, Facebook's core product has more similarities to email, Nuñez said. With both tools, there's a learning curve, and users would be wise to apply the lesson of email writing to Facebook use: "You shouldn't share anything you don't want to be public."
For full interview [click here](https://cheddar.com/videos/50-million-affected-in-latest-facebook-scandal).
Big Business This Week is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street. This week we highlight Paramount, Maersk, Starbucks, Uber, Lyft and Beyond Meat.
With Donald Trump due on the witness stand next week, testimony from his adult sons in his civil business fraud trial wrapped up Friday with Eric Trump saying he relied completely on accountants and lawyers to assure the accuracy of financial documents key to the case.
DraftKings reported better-than-expected revenue in the third quarter.
Wallet Hub released a list of the 10 states with the highest median monthly student loan payments.
Oil and gas giant BP will purchase electric vehicle chargers from Tesla for $100 million.
Reports say olive oil prices have jumped 75% since January of 2021.
The big three car companies for GM and Stellantis have agreed to pay striking workers as they spend time on the picket line, according to The Wall Street Journal.
Elon Musk is making a big prediction about artificial intelligence and the jobs market.
Open enrollment season is here and the stress of picking the right plan for you could sometimes get overwhelming. Rosalyn Glenn, financial advisor with Prudential, joined Cheddar News to discuss what to know and understand about selecting your benefits to cover your medical needs and conditions, if any.
Learning about money is a skill that should be learned at an early age. OneMain Financial is now offering a financial course called 'Credit Worthy' across several high schools across the country, along with some scholarships. Doug Shulman, CEO of OneMain Financial, joined Cheddar News to discuss the importance of learning and understanding credit. "Over half of high school students graduate without knowing the basics about credit," Schulman said. "It really helps establish a great foundation to being an independent adult, to have a healthy and happy life, and some financial security is part of that."
