Libra partners stampede for the exit
Visa and Mastercard are among a group of partners in Facebook’s Libra cryptocurrency venture to decide the whole thing is too risky.
Visa and Mastercard are among a group of partners in Facebook’s Libra cryptocurrency venture to decide the whole thing is too risky.
Internet financial services giant PayPal is the first member of the Libra coalition to jump ship and probably won’t be the last.
Politicians from the UK, the US and Australia have penned an open letter to Facebook CEO Mark Zuckerberg requesting the team delay end-to-end encryption plans.
A new ruling by the EU Court of Justice seems to compel social media companies to enact EU censorship demands even outside of its jurisdiction.
Via a leaked audio-recording of a Facebook townhall meeting with employees, Facebook CEO Mark Zuckerberg has taken a combative position in the face of increasing pressure.
UK Home Secretary Priti Patel is reportedly to sign a transatlantic agreement offering the UK Government more clout over the stubborn messaging platforms.
Facebook is being touted as the latest Silicon Valley resident to face an antitrust investigation from the Department of Justice.
Facebook needs to get back in the good books of both regulators and the general public sharpish, and it seems it is taking a machete to the developer ecosystem to do so.
Scrutiny of the US tech giants has been taken up another level after members of the US House Judiciary Committee have demanded they expose their internal workings.
Yet another set of ill-considered censorship decisions by Silicon Valley has illustrated once more the impossible position it’s in when it comes to policing the public.
The French Finance Minister has said he will block Facebook’s plans to launch a global cryptocurrency, citing its threat to monetary sovereignty.
An investigation has commenced in the US into possible abuses of Facebook’s market dominance regarding data, advertising and consumer choice.
Like cockroaches scattering from the light, bankers are reportedly high-tailing it away from Facebook’s venture into cryptocurrency.
Facebook has been promising some sort of payments solution for WhatsApp, and it seems to be making a bit of progress in Indonesia.
A race seems to be heating up in the US. On one side, government officials are looking to tackle the influence of big tech, and on the other, Silicon Valley is trying to make it as difficult as possible.
US social media sites have announced coordinated action designed to counter a propaganda campaign apparently designed to undermine the Hong Kong democracy protests.
Just as the Cambridge Analytica scandal re-emerged to heighten Facebook frustrations, the social media giant is contemplating a class-action lawsuit regarding facial-recognition.
Facebook might have thought the worst of the Cambridge Analytica affair was behind it, but the UK Government is questioning whether it was entirely truthful with evidence presented to a parliamentary committee.
A Facebook-funded study has achieved a breakthrough in decoding speech directly from brain signals at the same time as AWS has made automated speech more realistic.
If you’ve got Facebook ‘like’ functionality on your website then you could be held responsible for any misuse of user data by the social media giant.
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