Germany has delivered a blow against Facebook’s planned cryptocurrency, expanding Europe’s opposition to the social network’s financial ambitions.
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Facebook is once again defending libra – this time against fears that the envisioned cryptocurrency could replace sovereign currencies from the US dollar to the euro.
Bill Gates, who knows a thing or two about antitrust investigations, doesn’t think it’s a good idea to break up the biggest US technology companies as some politicians have suggested.
The European Central Bank warned Facebook that the bar for regulatory approval of its planned libra project has been set very high as governments in the region express concerns about digital currencies.
The European Union’s antitrust chief called for more rules to rein in how companies collect and use information, offering the first clues into how she may use new powers to target big technology firms.
Facebook users suing over the social network’s worst-ever privacy scandal gained leverage to pry into its internal records to back up their claims that it failed to safeguard their personal data.
Facebook and Google are facing intensifying scrutiny by US state law enforcement officers with authority to impose vast fines and even break up companies that are found to have violated antitrust and privacy rules.
Nokia has announced a string of new mobile phones, including a rugged, big battery device and a revamped version of the classic 2720 flip phone.
Facebook has confirmed that hundreds of millions of user phone numbers were left on an unprotected server.
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