Facebook Revamps Its Libra Cryptocurrency in Response to Regulatory Backlash April 17, 2020 By Brenna Hughes Neghaiwi and Tom Wilson Facebook’s planned cryptocurrency Libra will be linked to individual national currencies and overseen by global watchdogs in a scaled-back revamp...
Washington Attorney General Sues Facebook Over Campaign Ads April 16, 2020 Washington state is suing Facebook – again – for selling political ads without disclosing all necessary information about who’s behind...
California Probing Facebook, Says Social Media Company Stonewalling November 7, 2019 By Diane Bartz and Paresh Dave California revealed for the first time an 18-month investigation into Facebook Inc.’s privacy practices and accused the social media giant...
Facebook to Pay $644,000 Fine in U.K. over Cambridge Analytica Scandal October 30, 2019 Facebook has agreed to pay a 500,000 pound ($644,000) fine for breaches of data protection law related to the harvesting...
Euro Zone to Launch Public Cryptocurrency in Response to Threat of Facebook’s Libra September 13, 2019 By Francesco Guarascio Euro zone governments and central banks are working on a long-term plan to launch a public digital currency that they...
Court Upholds Facebook Immunity in Case Brought by Terrorist Attack Victims August 1, 2019 By Jonathan Stempel Facebook Inc. on Wednesday defeated an appeal by American victims of Hamas attacks in Israel, who sought to hold the...
Facebook’s Cryptocurrency Gets Pushback from Global Financial Watchdogs June 24, 2019 By Alastair Marsh Facebook Inc. was hours away from the formal announcement of its ambitious foray into financial services, but French Finance Minister...
Facebook Faces Lawsuit for Data Breach Affecting Nearly 30 Million Users June 24, 2019 By Kartikay Mehrotra and Aoife White Facebook Inc. failed to fend off a lawsuit over a data breach that affected nearly 30 million users, one of...
Facebook Plans Global Cryptocurrency, Entry into Financial Services June 19, 2019 By Katie Paul and Anna Irrera Facebook Inc. announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to...
How Much Do Facebook Users Really Care About Privacy? April 29, 2019 By Supantha Mukherjee and Diane Bartz Facebook Inc. is preparing for a record-setting fine from U.S. regulators over privacy issues, but Wall Street shrugged at the...