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Tech Group Sues Trump Over Order Weakening Social Media Immunity

An advocacy group backed by the tech industry sued President Donald Trump on Tuesday over his executive order that would weaken a law protecting online platforms including social media companies that label or fact-check his posts. The Washington-based Center for …

Trump Plans Legislation Targeting Social Media Immunity

President Donald Trump said he will introduce legislation that may scrap or weaken a law that has protected internet companies, including Twitter and Facebook, in an extraordinary attempt to regulate social media platforms where he has been criticized. The proposed …

Trump Executive Order Aims to Shrink Liability Shield for Social Media Giants

Donald Trump has been raging against Twitter Inc. since the social media platform that helped vault him to the presidency slapped fact-check links on a pair of his tweets. Now, he’s poised to take action Thursday that could bring a …

Facebook Revamps Its Libra Cryptocurrency in Response to Regulatory Backlash

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 Attorney General Sues Facebook Over Campaign Ads

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 Probing Facebook, Says Social Media Company Stonewalling

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 to Pay $644,000 Fine in U.K. over Cambridge Analytica Scandal

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 to Launch Public Cryptocurrency in Response to Threat of Facebook’s Libra

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 …

Court Upholds Facebook Immunity in Case Brought by Terrorist Attack Victims

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’s Cryptocurrency Gets Pushback from Global Financial Watchdogs

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 …