WASHINGTON Democratic and Republican lawmakers said on Tuesday that Facebook Inc's track record of what they described as untrustworthiness should stand in the way of it launching a digital currency, labeling the plan "delusional" and "crazy" at a Senate hearing. | Video
WASHINGTON/NEW YORK, July 16 U.S. lawmakers from
both sides of the aisle are set to grill Facebook Inc on
its cryptocurrency plans on Tuesday, as the project continues to
draw intense scrutiny from financial regulators and politicians
across the globe.
NEW YORK/SAN FRANCISCOFacebook Inc will face unprecedented regulatory scrutiny over a new digital currency that the social media company hopes will become globally recognized legal tender within a year.
WASHINGTON/SAN FRANCISCO Twitter Inc said on Thursday it would identify and de-emphasize tweets that broke its rules but came from important sources such as politicians, in order to strike a balance between free expression and accountability. | Video
SAN FRANCISCO Facebook Inc on Thursday released the findings from its consultations with outside experts into its content review process, providing a glimpse into how its plans for a proposed "external oversight board" might take shape.
SAN FRANCISCO/NEW YORK Facebook Inc announced ambitious plans on Tuesday to launch a new global cryptocurrency called Libra, part of an effort to expand into digital payments that immediately raised privacy concerns. | Video
SAN FRANCISCO/NEW YORK Facebook Inc revealed plans to establish a cryptocurrency called Libra on Tuesday. It will be run by an association comprised of other corporate investors and non-profit members, with an expected launch in the first half of 2020.