Facebook CEO Mark Zuckerberg has drawn criticism after restrictions were placed on news coverage of an event he was speaking at to promote free expression.
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The Facebook executive responsible for the embattled cryptocurrency said he doesn’t fault companies that pulled out of the project, adding that he’s optimistic more organisations will sign on.
Facebook’s remaining partners in its digital currency project signed paperwork on Monday to officially join the Libra Association.
Facebook’s effort to create a cryptocurrency was dealt a blow on Friday after several key partners, including Mastercard, Visa, eBay, Stripe and Mercado Pago, abandoned the project.
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.
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.
Instagram has unveiled a new messaging app called Threads, which has striking similarities to Snapchat.
Four payments companies that have joined Facebook as founding members of the Libra Association are wavering over whether to officially sign on to the cryptocurrency project.
Historically, powerful entities tend to consolidate their power. But the recent populist backlash might push technologists to move in the opposite direction.