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The deal also includes a $5 billion penalty for Facebook.

Shares of Facebook jumped in after-market action, as the social media giant reported strong second-quarter results.

Stories moving the markets and shaking up the world.

The Department of Justice is taking aim at “market-leading online platforms,” announcing Tuesday that they’ll be taking a look into how their dominance was attained and whether their behavior has “reduced competition, stifled innovation, or otherwise harmed customers.”

Brad Garlinghouse, CEO of Ripple, says not all crypto should be painted with one "broad brush."

As part of the settlement, the Menlo Park, California-based company will agree to create a board committee on privacy and will agree to new executive certifications on user privacy, the people said.

For U.S.-based firms, costs associated with data breaches are significantly higher.

Boeing, Facebook and Tesla are among the firms poised to release financial results through June.

Stories moving the markets and shaking up the world.

Successful innovation is disruptive – and the U.S. is the global frontrunner of innovation.

NSO Group's Pegasus was reportedly used to penetrate Facebook's WhatsApp messaging service.

In the second fundraising quarter, Warren -- a fierce consumer advocate -- pulled in about $102,000 from big tech companies.

Mnuchin's comments come after two days of bruising hearings on Capitol Hill.