October 2019

Facebook Wanted to Create a New Currency. It Wasn’t Ready for the Backlash.

October 16th, 2019|Tags: , , , , , , , , , , |

DJI Phantom

With libra, the social-media giant promised to change payments world-wide. Instead, major partners bolted after lawmakers and regulators challenged its plans, an early sign of how Washington is putting Facebook on a tight leash.

Original article

Warren Escalates Fight With Facebook Over Political Ads

October 13th, 2019|Tags: , , , , , , , , , , , , , , , , |

Cherry Blossom

Sen. Elizabeth Warren sought to turn Facebook’s political ad policy against it, running an ad with a false claim about Chief Executive Mark Zuckerberg to highlight complaints about the social-media giant’s handling of misinformation.

Original article

WSJ News Exclusive | Mastercard, Visa, eBay Drop Out of Facebook’s Libra Payments Network

October 11th, 2019|Tags: , , , , , , , , , , , , , , , , , , , , |

Paris

Mastercard, Visa, eBay and payments company Stripe are dropping out of the coalition of companies Facebook enlisted to launch a cryptocurrency-based payments network.

Original article

Facebook CEO to Testify at House Panel About Libra

October 9th, 2019|Tags: , , , , , , , , , , , , , , , , , , , |

Facebook CEO Mark Zuckerberg is slated to return to Capitol Hill this month to testify before a House panel about the company’s foray into cryptocurrency.

Original article

WSJ News Exclusive | Google Weighs Acquisition of Rival to Video App TikTok

October 5th, 2019|Tags: , , , , , , , , , , , , , , , , , , , , , , , , |

Google is in talks about buying Firework, a free smartphone app for users to share 30-second homemade videos with strangers.

Original article

Visa, Mastercard, Others Reconsider Involvement in Facebook’s Libra Network

October 2nd, 2019|Tags: , , , , , , , , , , , , , , , , , , , , , |

Cracks are forming in the coalition Facebook assembled to build a global cryptocurrency-based payments network.

Original article

September 2019

WSJ News Exclusive | Snap Detailed Facebook’s Aggressive Tactics in ‘Project Voldemort’ Dossier

September 23rd, 2019|Tags: , , , , , , , , , , , , , , |

Facebook has been Silicon Valley’s 800-pound gorilla, squashing rivals, ripping off their best ideas or buying them outright. But now the knives are coming out.

Original article

Facebook says ‘tens of thousands’ of apps suspended over privacy issues

September 22nd, 2019|Tags: , , , , , , , , , , , , , , , , , , , , , , , |

Girl with a Phone at the MoMA.

For more than a year, Facebook Inc. suspended “tens of thousands” of apps from about 400 developers that improperly pried into the personal information of…

Original article