Facebook can’t stop dabbling in financial services
Not content with trying to create a new global currency, Facebook now lets you pay for stuff through all its apps.
Not content with trying to create a new global currency, Facebook now lets you pay for stuff through all its apps.
Facebook is worried people might get confused between the service and the company because they’ve both got the same name.
Facebook has been on somewhat of a rollercoaster ride over the last 24 hours, revealing another quarter of impressive year-on-year growth, while rumours circulate it could be facing a competition probe.
Facebook’s Libra cryptocurrency has received almost universal push-back since its announcement, so now it’s looking for ways to placate its critics.
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.
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