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Facebook’s Zuckerberg, Accused of Lying, Withstands a Washington ‘Beating’

WASHINGTON — Mark Zuckerberg, the Facebook chief executive, traveled to Washington to defend a cryptocurrency project that has become the latest target of lawmakers frustrated with the social media giant. He ended up answering a smorgasbord of questions on other issues on Wednesday, as members of the House Financial Services Committee took him to task …

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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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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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