Facebook's Libra gets stark warning from G-7 finance chiefs
Chantilly, Jul 18 (AP/UNB) — Finance chiefs from the Group of Seven rich democracies issued a stark warning on Thursday that cryptocurrencies like the Libra digital money recently unveiled by Facebook should not be allowed before "serious regulatory and systemic concerns" are addressed.
Dems pan 'Zuck buck,' want Facebook to rein in currency plan
Washington, Jul 18 (AP/UNB) — Facebook endured a second day of criticism from Congress over its plan to create a digital currency as senior House Democrats asked Facebook to scale back the project and threatened legislation that would block big tech companies from getting into banking.
Facebook's new currency plan under scrutiny in Congress
Washington, Jul 16 (AP/UNB) — Facebook's ambitious plan to create a financial eco-system based on a digital currency faces questions from lawmakers, as it's shadowed by negative comments from President Donald Trump, his treasury secretary and the head of the Federal Reserve.
FTC approves roughly $5B fine for Facebook
Dhaka, Jul 13 (AP/UNB) - The FTC has voted to approve a fine of about $5 billion for Facebook over privacy violations, the Wall Street Journal reported Friday. The report cited an unnamed person familiar with the matter.
Facebook US data transfer case goes to Europe's top court
London, Jul 9 (AP/UNB) — An Austrian privacy campaigner's long-running legal battle against Facebook over its data transfers to the U.S. has reached Europe's highest court.
French lawmakers approve 3% tax on online giants
Paris, July 4 (AP/UNB) — France’s lower house of parliament approved Thursday a small, pioneering tax on internet giants like Google, Amazon and Facebook — and the French government hopes other countries will follow suit.
Facebook posts put Border Patrol on defensive at rough time
San Diego, Jul 3 (AP/UNB) — Before the rise of social media, Border Patrol agents gathered in parking lots at the end of their shifts for what was known as "choir practice" — a chance to share what they saw that day and anything else on their minds.
Data scientist drops Facebook defamation suit
Dhaka, Jul 3 (AP/UNB) - Aleksandr Kogan, the data scientist at the center of Facebook's Cambridge Analytica privacy scandal, said he is dropping a defamation lawsuit against the social network rather than engage in an expensive, drawn-out legal battle.
Facebook mail site evacuated after possible sarin scare
Menlo Park, Jul 2 (AP/UNB) — A Facebook mail facility near company headquarters was evacuated Monday after a routine check found mail possibly containing the nerve agent sarin.
Facebook to make jobs, credit ads searchable for US users
Bosto, Jul 1 (AP/UNB) — Facebook says it will make advertisements for jobs, loans and credit card offers searchable for all U.S. users following a legal settlement designed to eliminate discrimination on its platform.