Facebook CEO Mark Zuckerberg testified before the United States House Of Representatives Committee on Financial Services on Tuesday (Oct. 22). He spoke about the company’s intentions with Libra, and sought to assuage the concerns of regulators and legislators around the world that the currency could...
In a New York-led antitrust probe into Facebook, New York State Attorney General Letitia James said on Tuesday (Oct. 22) that 47 attorneys general from states and U.S. territories plan to participate in an investigation. The social media company’s shares dropped 3.9 percent on the...
Fresh off a wave of defections, the Libra Association has claimed an initial 21 members. That’s a start. But the crypto initiative is still missing key components that would bring the crypto from concept to reality — like infrastructure and marketplaces. We break down the latest...
A class action lawsuit against Facebook, alleging that people in Illinois didn’t consent to have their photos used with the company’s facial recognition technology, will move forward despite Facebook’s efforts to halt it. Get the Full Story Complete the form to unlock this article and...
Facebook co-founder Chris Hughes, who wrote an op-ed in the New York Times earlier this year about the danger of Facebook’s dominance, has started a fund against monopolies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
U.S. Federal Reserve Governor Lael Brainard has warned that a stablecoin like Facebook‘s planned Libra could make central banks’ efforts to conduct monetary policy “complicated.” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Facebook’s latest Portal has placed a bigger emphasis on privacy as the company looks to reassure users their information is safe in its hands. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
It is looking unlikely that Facebook will get the regulatory approval needed to launch its controversial cryptocurrency, Libra, next year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Online travel firm Booking Holdings is the latest Libra Association member to jump ship on the cryptocurrency project proposed by Facebook, Bloomberg reported on Monday (Oct. 14). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
