Facebook was hours away from the formal announcement of its ambitious foray into financial services, but French finance minister Bruno Le Maire was already broadcasting his discontent.
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Facebook hopes its new cryptocurrency will one day trade on a global scale much like the US dollar. But to come anywhere close to matching the dollar for utility and acceptance, Libra will need to be widely trusted.
Regulators will be watching closely when Facebook unveils its cryptocurrency project this week. Their vigilance is warranted.
Facebook uncovered e-mails that seem to show CEO Mark Zuckerberg was aware of potentially problematic privacy practices at the company, the Wall Street Journal reported.
The fading facades of century-old buildings in a neighbourhood of the Nigerian megacity of Lagos house a vibrant technology cluster that’s caught the eye of Facebook and Google.
Facebook bosses have lost control of the social network and is unlikely to regain it, a former Harvard classmate of Mark Zuckerberg has claimed.
The smart money is still on Europe taking the more adventurous and aggressive antitrust measures. But there’s no ignoring the shift on both sides of the Atlantic.
Facebook is edging closer to launching its own cryptocurrency, with an aim to launch as soon as next year.
Unlike bitcoin, Facebook’s aim with GlobalCoin is not to bring down the established financial system, but to co-opt it.
Facebook has experienced a steep increase in the number of fake accounts being created on the social network, resulting in more than three billion being taken down.