The European Union’s antitrust chief says she’s taken the unusual step of scrutinising Facebook’s planned cryptocurrency because of the risk that libra will lead to the creation of a new, entirely separate economy.
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Historically, powerful entities tend to consolidate their power. But the recent populist backlash might push technologists to move in the opposite direction.
Facebook and WhatsApp will be forced to share users’ encrypted messages with British police under a new treaty between the two countries, according to a person familiar with the matter.
Facebook posts by MPs can break the usual rules on the social network because they are newsworthy, according to the technology giant’s communications head Nick Clegg.
Facebook has said it has suspended “tens of thousands” of apps made by about 400 developers as part of an investigation following the Cambridge Analytica scandal.
The president of Microsoft said the age of self-regulation is over for the technology industry, but new rules imposed on the sector must be not introduced for the sake of restricting big companies.
Facebook has said it expects to name the first members of a new quasi-independent oversight board by the end of the year.
Germany has delivered a blow against Facebook’s planned cryptocurrency, expanding Europe’s opposition to the social network’s financial ambitions.
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.