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As you may have heard, Facebook announced its Libra cryptocurrency, and Calibra digital wallet, in July of 2019. Since then, some of the companies that were founding members of the Libra Association have left it. According to Reuters, Facebook is now considering “alternative approaches of the currency token” that Libra would use. Facebook Inc (FB.O), facing growing skepticism about its
CNBC reported that PayPal is withdrawing from Facebook's Libra Association. CNBC provided a statement from PayPal: PayPal has made the decision to forgo further participation in the Libra Association at this time and to continue to focus on advancing our existing mission and business priorities as we strive to democratize access to financial services for underserved populations. Facebook announced its
BuzzFeed News reported that officials from the United States, the United Kingdom, and Australia are set to publish an open letter to Facebook CEO Mark Zuckerberg. The officials do not want Facebook to enact end-to-end encryption across its messaging services. The text of the open letter is in the BuzzFeed News article. The letter is signed by U.S. Attorney General
Instagram announced that Facebook is launching Threads from Instagram. I supposes this wording is intended to make it very clear that Instagram is owned by Facebook. Threads is a new “camera-first” messaging app that helps you stay connected to your close friends. Threads is designed for Instagram users who want to be able to communicate with their closest circle of
Facebook announced an update on their ongoing App Developer Investigation. It began in March of 2018, in response to the Cambridge Analytica scandal. Our App Developer Investigation is by no means finished. But there is meaningful progress to report so far. To date, this investigation has addressed millions of apps. Of those, tens of thousands have been suspended for a
New York Attorney General Letitia James confirmed that she is leading the bipartisan coalition investigating Facebook for antitrust issues. Her statement said: Even the largest social media platform in the world must follow the law and respect consumers. I am proud to be leading a bipartisan coalition of attorneys general in investigating whether Facebook has stifled competition and put users
Facebook has launched Facebook Dating in the United States. This comes after the initial launch of Facebook Dating in Colombia in 2018. Do you really trust Facebook to keep your dating data private? Today, we're launching Facebook Dating in the US We're also giving people the ability to integrate their Instagram posts directly into their Facebook Dating profile and giving