PayPal drops out of Fb's Libra virtual forex venture

Social media large's plan to increase another bills gadget has drawn fireplace from regulators and Congress
Social media giant's plan to develop an alternative payments system has drawn fire from regulators and Congress

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Author: Cbsnews

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Cbsnews has recently written 11 articles on similar topics including :
  1. "Customs and Border Protection said it's investigating a secret Facebook group where agents allegedly mocked migrant deaths. According to ProPublica, there were also lewd posts aimed at members of Congress. Jeff Pegues reports". (July 2, 2019)
  2. "The social-media giant moved forward with its new digital cryptocurrency despite intense criticism from regulators". (October 15, 2019)
  3. "Hazmat crews in California are expecting results back Tuesday after a suspicious package possibly containing a deadly poison was found near Facebook’s main campus. Nikki Battiste reports". (July 2, 2019)
  4. "Facebook and Twitter are blocking accounts from China that the companies say spread misinformation against pro-democracy protestors in Hong Kong. Axios media reporter Sara Fischer joined CBSN with more on this, and an exclusive Facebook report". (August 20, 2019)
  5. "Facebook will be testifying over two days in Congress as lawmakers express concerns on the social media platform's new cryptocurrency, Libra. CBS News contributor and Wired editor-in-chief Nick Thompson joined CBSN AM to discsuss". (July 16, 2019)
  6. "The company is partnering with big names like Visa, Mastercard, Uber and Spotify to create a new global cryptocurrency". (June 18, 2019)
  7. "The Department of Homeland Security is already investigating another social media group that shared mocking images of migrants". (July 5, 2019)
  8. "Casey Newton, a Silicon Valley editor for The Verge, joins CBSN's Reena Ninan to discuss his new article on the horrific work conditions faced by Facebook's content moderators who work as contractors. (Warning: This video contains content some may deem graphic and violent)". (June 21, 2019)
  9. "Facebook says it has halted a program in which it paid contractors to listen to and transcribe audio clips from its users, after a Bloomberg report exposed the practice". (August 14, 2019)
  10. "Users of social media platforms Facebook, Instagram, and WhatsApp are reporting outages Wednesday". (July 3, 2019)
  11. "Data analyst Christopher Wylie exposed how Cambridge Analytica harvested information of millions of Facebook users during the 2016 campaign. Now he's out with a new book, "Mindf*ck: Cambridge Analytica and the Plot to Break America." Wylie spoke with CNET senior producer Dan Patterson and CBS News investigative reporter Graham Kates about the ongoing threats to social media users' privacy". (October 10, 2019)
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