Facebook’s planned cryptocurrency Libra will be linked to individual national currencies and overseen by global watchdogs in a scaled-back revamp it hopes will win regulatory approval. The prospect of Facebook’s 2.5 billion users adopting Libra has led to intense scrutiny …
Washington state is suing Facebook – again – for selling political ads without disclosing all necessary information about who’s behind them. Attorney General Bob Ferguson first sued Facebook over the issue in 2018, with the company agreeing to a $238,00 …
California revealed for the first time an 18-month investigation into Facebook Inc.’s privacy practices and accused the social media giant on Wednesday of hampering the probe by failing to turn over emails from Chief Executive Mark Zuckerberg. The revelation is …
Facebook has agreed to pay a 500,000 pound ($644,000) fine for breaches of data protection law related to the harvesting of data by consultancy Cambridge Analytica, Britain’s information rights regulator said on Wednesday. Facebook CEO Mark Zuckerberg has faced questioning …
Euro zone governments and central banks are working on a long-term plan to launch a public digital currency that they hope would make redundant projects like Facebook’s Libra, which is seen as a risk to financial stability, officials said on …
Facebook Inc. on Wednesday defeated an appeal by American victims of Hamas attacks in Israel, who sought to hold the company liable for providing the group a social media platform to further its terroristic goals. The 2nd U.S. Circuit Court …
Facebook Inc. was hours away from the formal announcement of its ambitious foray into financial services, but French Finance Minister Bruno Le Maire was already broadcasting his discontent. “It’s out of the question” that the social-media giant’s digital money compete …
Facebook Inc. failed to fend off a lawsuit over a data breach that affected nearly 30 million users, one of several privacy snafus that have put the company under siege. The company’s disclosure in September that hackers exploited several software …
Facebook Inc. announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns. The social networking giant has linked with 28 partners including Mastercard, …
Facebook Inc. is preparing for a record-setting fine from U.S. regulators over privacy issues, but Wall Street shrugged at the looming penalty after the company added users and trounced profit expectations for the first quarter. It has been just over …
