Icons for the Facebook Inc. app, the Amazon.com Inc. app, the Netflix Inc. app and the Google, a unit of Alphabet Inc., app sit on a Apple Inc. iPhone smartphone in this arranged photograph in London, U.K. (Photographer: Jason Alden/Bloomberg)

Facebook, Google Face Steeper Privacy Fines Under Australia Plan

(Bloomberg) -- Tech giants such as Facebook Inc. and Alphabet Inc.’s Google will face tougher penalties if they flout privacy laws, under a plan Australia’s prime minister said is necessary to safe...