PayPal Pulls Out of Facebook’s Crypto Project
The payments company was reportedly concerned Facebook had not done enough to address the regulatory backlash against the Libra plan.
NY to Lead Antitrust Investigation of Facebook
A coalition of states will probe Facebook's "dominance of [social networking] and the potential anticompetitive conduct stemming from that dominance.”
Facebook Says Libra Digital Currency May Never Launch
Since announcing the project last month, the company has faced pushback from U.S. and international regulators and lawmakers.
Facebook Hit with Record $5B Fine Over Privacy Breaches
The Federal Trade Commission’s settlement resolves its investigation into how the company lost control over user data.
Mnuchin Warns of Cryptocurrency Security Risks
Facebook's proposed Libra digital currency “could be misused by money launderers and terrorist financiers," the treasury secretary says.
Germany Fines Facebook for Understating Complaints
German officials say Facebook presented a "distorted picture" of the extent of illegal content, including hate speech, on its platform.
BIS Warns of Risks From Big Tech Banking Moves
Ventures by companies such as Facebook into financial services "have the potential to generate new risks and costs associated with market power."
Facebook Unveils Libra Cryptocurrency
The project would bring a consumer-friendly version of digital currencies to smartphones around the world.
WhatsApp Security Breach Targets Human Rights Groups
The Facebook-owned messaging app said the attack had signs of coming from a private company working on surveillance.
Facebook Sets Aside $3B for Possible FTC Fine
Facebook says the charge it took in the first quarter is a reasonable estimate of what it would cost to resolve an FTC privacy investigation.
Don’t Break Up Big Tech Firms: Former Antitrust Regulator
Calls for regulating companies like Amazon, Facebook, and Google out of existence are misguided, says Canada's former competition commissioner.