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 ... Read More
Tools used by hundreds of thousands of companies to transfer EU citizens’ data abroad are legal, an adviser to Europe’s top court has ruled, marking a major win for ... Read More
The Federal Trade Commission approved a record $5 billion settlement Wednesday with Facebook over the company’s privacy policies. Shares of Facebook were down slightly following the announcement, but turned ... Read More
Facebook said Wednesday it expects to shell out between $3 billion and $5 billion to settle the FTC’s ongoing investigation into its handling of user data, foreshadowing a potentially ... Read More
Facebook Inc. turned in more than 450 pages of homework to U.S. lawmakers, defending itself against claims that it is a monopoly and sidestepping questions about the effectiveness of ... Read More
As the recent scandal over Facebook and the company Cambridge Analytica has shown, many companies operating in the new “digital economy” are, essentially, extractive industries. They mine and sell ... Read More
Social-media company tells advertisers it can reach more than 100 million U.S. adults younger than 35, but census only counts 76 million Facebook Inc. claims its ads have the ... Read More
Facebook suffered a setback on Tuesday over how it uses the reams of information it collects about users worldwide, after two European privacy watchdogs said that the social network’s ... Read More
Legaltech firm LawAdvisor is expanding into the UK and has announced it has secured new funding, and is launching a new service. The Melbourne-headquartered firm’s inaugural UK office will ... Read More
Snap Inc. co-founders Evan Spiegel and Bobby Murphy lost more than $1 billion each after the company reported earnings for the first time Wednesday afternoon. Shares fell 25 percent ... Read More
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