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🧵 5. Major cities affected in the Northeast, Mid-Atlantic, Southeast, Midwest. Potential storm-related impact. Mobile carriers grappling with network challenges.

🧵 4. X users sharing their ordeal. Developing situation regarding Verizon outage. Stay tuned for updates on the widespread mobile network disruptions.

🧵 3. Other carriers like AT&T, T-Mobile, US Cellular experiencing network problems as well. Users report issues on Downdetector this morning.

🧵 2. By 1115 ET, nearly 100,000 reports across major metro areas. Heat map depicts outages clustered in Northeast, Mid-Atlantic, and other regions.

🧵 1. Verizon cell users face nationwide outage, stuck in 'SOS' mode. Surge in reports on Downdetector, first outage flagged at 0945 ET. #fintech

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🧵 5. EchoStar to receive $2.5 billion for debt payment in merger with DirecTV. The move also alleviates AT&T from its 70% stake in DirecTV, now sold to TPG for $7.6 billion.

🧵 4. Transaction details: DirecTV buys Dish DBS for $1 and takes on $9.75 billion in debt. Discounted rate offer for debt holders is part of the deal structure.

🧵 3. DirecTV's strategic acquisition aims to simplify content discovery for subscribers. The shift towards all-encompassing subscription management is a key focus for the new entity.

🧵 2. Competition from streaming platforms like Netflix and Amazon prompts DirecTV to revamp its services. CEO sees potential in tailored programming bundles and enhanced viewer experience.

🧵 1. DirecTV seals its long-awaited deal to merge with DishDirecTV by acquiring EchoStar's satellite TV arm. The move creates a giant with 20 million subscribers. #fintech

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🧵 5. EU's data protection regulation mandates robust security measures for handling personal information, with Meta’s previous fines reinforcing the need for compliance.

🧵 4. Meta notified Irish regulator in 2019 about password storage issue. No objections were raised to the €91m fine imposed for GDPR violation.

🧵 3. Deputy Commissioner Graham Doyle emphasized the importance of not storing passwords in plaintext due to the significant risks of unauthorized access.

🧵 2. In 2023, Meta faced a €1.2bn fine for data transfer violations, and in 2022, a €265m penalty over a massive data breach affecting 533 million users.

🧵 1. Irish DPC fines Meta €91m for storing user passwords in plaintext, breaching GDPR rules on data security and risking abuse of sensitive information. #fintech

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🧵 5. Despite concerns about accountability and the role of traders, ING emphasizes the importance of human monitoring to address potential AI malfunctions and ensure smooth operations.