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Facebook’s Zuckerberg, Accused of Lying, Withstands a Washington ‘Beating’

Computers and the Internet, Facebook Inc, House of Representatives, Libra (Currency), Mark E, Regulation and Deregulation of Industry, Social Media, Technology NEWS, Virtual Currency, Zuckerberg /

WASHINGTON — Mark Zuckerberg, the Facebook chief executive, traveled to Washington to defend a cryptocurrency project that has become the latest target of lawmakers frustrated with the social media giant. He ended up answering a smorgasbord of questions on other issues on Wednesday, as members of the House Financial Services Committee took him to task […]

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Trump Campaign Floods Web With Ads, Raking In Cash as Democrats Struggle

Bernard, Biden, Brad (1976- ), cambridge analytica, Democratic Party, Donald J, Elizabeth, Facebook Inc, Harris, Joseph R Jr, Kamala D, Midterm Elections (2018), Online Advertising, Parscale, Political Advertising, Presidential Election of 2016, Presidential Election of 2020, Republican Party, Sanders, Social Media, Technology NEWS, Trump, Warren /

The 2016 Playbook In the wake of the 2016 election, some on the left sought an explanation for Mr. Trump’s victory in the idea that his campaign had used shadowy digital techniques inspired by military-style psychological warfare — a “Weaponized AI Propaganda Machine,” as one article described it — created by the defunct political consulting

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Biden Escalates Attack on Facebook Over False Political Ads

Biden, Computers and the Internet, Facebook Inc, Joseph R Jr, Online Advertising, Political Action Committees, Political Advertising, Presidential Election of 2020, Social Media, Technology NEWS, United States Politics and Government /

WASHINGTON — A 30-second video ad that ran on Facebook this week falsely accused former Vice President Joseph R. Biden Jr. of blackmailing Ukrainian officials to stop an investigation of his son. “Send Quid Pro Joe Biden into retirement,” a narrator in the ad intoned. The video wasn’t released by the Trump campaign, which has

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China’s Cryptocurrency Plan Has a Powerful Partner: Big Brother

Banking and Financial Institutions, Bitcoin (Currency), Calibra, Facebook Inc, Libra (Currency), Mark E, Mobile Commerce and Payments, People's Bank of China, Regulation and Deregulation of Industry, Renminbi (Currency), SWIFT(Society for Worldwide Interbank Financial Telecommunication), Technology NEWS, Virtual Currency, Zuckerberg /

BEIJING — When Facebook announced plans this year for a cryptocurrency called Libra, it said its goal was to reinvent money for the internet age. What the company probably didn’t imagine was that its efforts might spur China to get there first. China wants to start replacing the cash that people carry with a digital

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Europe’s Margrethe Vestager Uses a Rarely Used Weapon to Take On Big Tech

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Already considered the world’s most assertive regulator of the technology industry, the European authorities on Wednesday signaled an even more aggressive approach by applying a rarely used rule to order a company to halt a potentially anticompetitive practice as investigators explore the case. The European Commission’s antitrust enforcer, Margrethe Vestager, said “interim measures” were being

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Facebook’s Hands-Off Approach to Political Speech Gets Impeachment Test

Biden, Donald J, Facebook Inc, Hunter, Joseph R Jr, Political Advertising, Presidential Election of 2020, Rumors and Misinformation, Russian Interference in 2016 US Elections and Ties to Trump Associates, Social Media, Technology NEWS, Trump, Trump-Ukraine Whistle-Blower Complaint and Impeachment Inquiry, United States Politics and Government /

But by removing itself as the moderator of political content — including in paid ads on the site — Facebook has left itself open another avenue of criticism. In a series of tweets Monday evening, Senator Elizabeth Warren, one of the front-runners for the Democratic nomination, said Facebook allowed President Trump to spread false information

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Warren Dares Facebook With Intentionally False Political Ad

Computer and Video Games, Computers and the Internet, Elizabeth, Facebook Inc, Mark E, Online Advertising, Political Advertising, Presidential Election of 2020, Presidential Elections (US), Rumors and Misinformation, Russian Interference in 2016 US Elections and Ties to Trump Associates, Social Media, Technology NEWS, Trump-Ukraine Whistle-Blower Complaint and Impeachment Inquiry, United States Politics and Government, Warren, Zuckerberg /

WASHINGTON — Elizabeth Warren is playing a game of dare with Facebook. The Democratic presidential candidate bought a political ad on the social network this past week that purposefully includes false claims about Facebook’s chief executive, Mark Zuckerberg, and President Trump to goad the social network to remove misinformation in political ads ahead of the

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Facebook’s Libra Cryptocurrency Faces Exodus of Partners

Banking and Financial Institutions, Computers and the Internet, David A, eBay Inc, Facebook Inc, Libra (Currency), Marcus, Mark E, MasterCard Inc, Regulation and Deregulation of Industry, Social Media, Stripe Inc, Technology NEWS, Zuckerberg /

As part of that, the social network said, it had more than 27 corporate partners — including PayPal, Visa, Mastercard and companies like Uber — that had pledged to support the project. The partners are important because Libra will be controlled not by the social network but by a broad network of corporations, Facebook said.

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PayPal Pulls Out of Libra, Facebook’s Cryptocurrency Project

Computers and the Internet, Facebook Inc, Libra (Currency), paypal, Social Media, Technology NEWS, Virtual Currency /

SAN FRANCISCO — PayPal said on Friday that it had pulled out of the coalition of companies involved in a Facebook-backed cryptocurrency initiative, in the latest headache for the social network’s effort. The proposed cryptocurrency, Libra, has been in the works at Facebook for more than a year and was announced to much fanfare in

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Barr Pushes Facebook for Access to WhatsApp Messages

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WASHINGTON — The Justice Department has renewed its fight for access to encrypted communications, arguing that it is a vital crime-fighting tool even as technology companies and advocates have countered that it will threaten individual privacy. Attorney General William P. Barr took aim at Facebook’s plan to make WhatsApp and its other messaging services more

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