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U.K. Slaps Maximum Fine of $645,000 on Facebook for Privacy Violations

Xconomy

The company’s net income in the second quarter alone was more than $5 billion. The purpose of the U.K.’s s enforcement actions is to change the behavior of organizations that mishandle the sensitive private information of individuals, but the fine announced Thursday represents a minuscule fraction of Facebook’s (NASDAQ: FB ) earnings.

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Xconomy Special Report: 12 San Diego Tech Startup to Watch in 2017

Xconomy

View the Slideshow A little more than a year ago, amid a resurgence in San Diego’s software sector, Xconomy identified a baker’s dozen of local tech companies to watch in 2016. I widened my net this year. The results were so encouraging, we’re doing it again. Webroot withheld terms of the deal.).

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Bio Roundup: FDA Says No, PCSK9 Value Fight, CRISPR Intrigue & More

Xconomy

And once in a while, a defender uses his or her face, inadvertently, to block a ball spiked over the net. Data from the other three trials should come in late 2016 or early 2017. Talk about sacrifice. If drug approval were an Olympic sport, rejections would also be high drama.

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Bio Roundup: Mylan’s Shock, Hillary’s 3%, Duchenne Lessons & More

Xconomy

A Phase 2 trial of the drug, AMX0035, should start in late 2016 or early 2017. Frank Vinluan has more on Novan, which relied on a variety of high net worth individuals, rather than venture firms, to get to this point. —Cambridge-based PixarBio is raising $30 million in a reverse merger with an undisclosed public entity.

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Privacy Advocate Richard Holober on the Tech Backlash of 2017 

Xconomy

We’ve just passed a year full of news about the role of technology companies in U.S. elections, democracy, free speech, fairness in hiring, sexual harassment, privacy, data security, and the future job market for humans in the age of robots and artificial intelligence.