A class-action complaint accuses the companies behind the stablecoin tether of “propping and popping the largest bubble in history”, leading to disappearance of $265-billion in cryptocurrency wealth.
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Samsung Electronics posted earnings that handily beat analyst estimates as stronger smartphone demand offset price declines in the memory chip business.
The Donald Trump administration placed eight Chinese technology giants on a US blacklist on Monday, accusing them of being implicated in human rights violations.
Facebook’s proposed cryptocurrency has faced such overwhelming scorn that an exchange is now facilitating bets on whether the social media company can come close to meeting its target launch date.
Investors have grown increasingly bullish on Samsung Electronics ahead of its Tuesday results report, betting that the global memory-chip cycle is near a bottom.
PayPal has pulled out of the Libra Association, a blow to Facebook’s efforts to develop a digital currency.
Facebook has made mistakes in controlling the use of its data and has improved its monitoring of fake news but can’t be expected to police the global Internet, spokesman Nick Clegg said.
HP will slash as much as 16% of its workforce as part of a broad restructuring meant to cut costs and boost sales growth amid the company’s first change in top leadership in four years.
Facebook has been accused of reverting to the “digital Dark Ages” after serious concerns were raised that plans for message encryption could prevent child abusers and terrorists being caught.
Facebook CEO Mark Zuckerberg, the fifth-richest person in the world, was asked by an employee to respond to an assertion by US presidential candidate Bernie Sanders that billionaires shouldn’t exist.