California net neutrality becomes law, Facebook could face huge fine

This is CNet, and here are the stories that matter right now. [MUSIC] California governor Jerry Brown signed into law on Sunday, the strictest set of net neutrality protections ever seen in the US. And the Trump administration immediately said it would challenge the state's authority in court. Brown, a democrat, signed a bill on Sunday, that uses Obama era net neutrality protections as the basis of state law. The new law is considered the strictest set of Net neutrality protections to date. Facebook is facing fines of up to $1.63 billion over a hack that left the data of 50 million users exposed. Under strict EU privacy laws, known as GDPR, they came into force in May All companies are required to keep the date of [UNKNOWN] in safe. The regulator [UNKNOWN] investigate further to see if Facebook should be fined. It would need information about the nature and scale of a breach as well as [UNKNOWN] EU citizens were affected. [MUSIC] The US Securities and Exchange Commission has sued [UNKNOWN] Musk, the [UNKNOWN] the SEC's has must misled investors with a number of tweet That said he had funding lined up to take his car company Tesla private. THe commission is asking for a number of things including a bar prohibiting Musk from serving as an officer or director of a public company. [MUSIC] Stay up to date with the latest by visiting cnet.com