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. Facebook lost its latest appeal, which was to have its case heard...
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. CNBC is reporting that the fund is worth $10 million and it’s an initiative of Hughes’ Economic...
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.” “It should be no surprise that Facebook’s Libra is attracting a high level of scrutiny from lawmakers and authorities,” she...
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. Launched in 2018, the original Portal featured only a small piece of plastic that clipped over the camera. The new version...
It is looking unlikely that Facebook will get the regulatory approval needed to launch its controversial cryptocurrency, Libra, next year. Since the social media giant revealed its plans for Libra earlier this year, politicians, officials and regulators have all expressed concerns about the project, and...
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). Connecticut-based Booking Holdings – known best for operating Kayak.com and Priceline.com — joins Visa, Mastercard, PayPal, eBay, MercadoLibre...
Facebook’s Slack-like worker communication app, Workplace, has just announced a slew of new features along with a milestone – it recently hit three million paying users. As reported, the service, which costs $1.50 a month for every front-line worker and goes up to levels of...
For the company’s prospects of competing with Instagram in the short term, Snap CEO Evan Spiegel is unsure if antitrust activity by the government will have an impact. Spiegel said onstage at an event, according to reports, “I mean the history of antitrust would basically...
U.S. Attorney General William Barr wrote an open letter to Facebook asking it to postpone plans to encrypt messages on the company’s three services until the government can assess how it will affect public safety. CNBC is reporting that the letter was dated Friday (Oct....