Welcome to the Tech Mem Ride Home for Wednesday, July 11th, 2018. I'm Brian McCullough.

Today, Facebook faces its first fine from the Cambridge Analytica scandal.

A look at what Article 13 might do to the web.

A juicy new apple rumor.

More hints from Magic Leap, and a look at Alphabet's Moonshot Factory.

Here's what you miss today in the world of tech. The UK's Data Watchdog, the Information Commissioner's Office, has handed down a preliminary

fine to Facebook for allowing Cambridge Analytica to access the data of millions of users.

The penalty amounts to about a half a million pounds or $664,000 U.S.

which was the maximum penalty the regulator could impose.

As Tony Ram pointed out on Twitter,

that sounds like a very small amount of money, sure,

but, quote, regulators can't invent fines from nothing their laws

determine the formula in this case I. C. C. O. levied its max. The max just isn't

very high end quote. The New York Times as Kevin Roos did the math and he

estimates the fine amounts to about seven minutes worth of Facebook's revenue. And yet

Facebook refused to confirm whether or not it would even be willing to pay this fine.

Aaron Egan, Facebook's chief privacy officer, said in a statement, quote,

We have been working closely with the I.

in their investigation of Cambridge Analytica just as we have with authorities in the

U.S. and other countries. We're reviewing the report and will respond to the ICO

soon end quote.

Quoting from the Washington Post's report respond to the ICO soon." End quote.

...