Facebook Inc

China’s Cryptocurrency Plan Has a Powerful Partner: Big Brother

BEIJING — When Facebook announced plans this year for a cryptocurrency called Libra, it said its goal was to reinvent money for the internet age. What the company probably didn’t imagine was that its efforts might spur China to get there first. China wants to start replacing the cash that people carry with a digital …

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Europe’s Margrethe Vestager Uses a Rarely Used Weapon to Take On Big Tech

Already considered the world’s most assertive regulator of the technology industry, the European authorities on Wednesday signaled an even more aggressive approach by applying a rarely used rule to order a company to halt a potentially anticompetitive practice as investigators explore the case. The European Commission’s antitrust enforcer, Margrethe Vestager, said “interim measures” were being …

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Facebook’s Hands-Off Approach to Political Speech Gets Impeachment Test

But by removing itself as the moderator of political content — including in paid ads on the site — Facebook has left itself open another avenue of criticism. In a series of tweets Monday evening, Senator Elizabeth Warren, one of the front-runners for the Democratic nomination, said Facebook allowed President Trump to spread false information …

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Warren Dares Facebook With Intentionally False Political Ad

WASHINGTON — Elizabeth Warren is playing a game of dare with Facebook. The Democratic presidential candidate bought a political ad on the social network this past week that purposefully includes false claims about Facebook’s chief executive, Mark Zuckerberg, and President Trump to goad the social network to remove misinformation in political ads ahead of the …

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Facebook’s Libra Cryptocurrency Faces Exodus of Partners

As part of that, the social network said, it had more than 27 corporate partners — including PayPal, Visa, Mastercard and companies like Uber — that had pledged to support the project. The partners are important because Libra will be controlled not by the social network but by a broad network of corporations, Facebook said. …

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PayPal Pulls Out of Libra, Facebook’s Cryptocurrency Project

SAN FRANCISCO — PayPal said on Friday that it had pulled out of the coalition of companies involved in a Facebook-backed cryptocurrency initiative, in the latest headache for the social network’s effort. The proposed cryptocurrency, Libra, has been in the works at Facebook for more than a year and was announced to much fanfare in …

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