Facebook’s Libra Association has now lost a quarter of its original members

Facebook’s Libra Association has now lost a quarter of its original members

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The news seems to be going from bad to worse for Facebook’s cryptocurrency project, as online travel company Booking Holdings has stepped away from the nonprofit Libra Association. As Bloomberg reports, that means seven of Libra’s original 28 members have exited the project. SEVEN OF 28 FOUNDERS ARE OUT Facebook announced in June that it would launch Libra, an ambitious
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Why so many companies bailed on Facebook’s Libra project at once

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When Libra launched on June 18th, it seemed like an alarming new front in Facebook’s megalomaniacal expansion. Having captured billions of users and tens of billions of dollars in annual profits, the company would now be taking over currency itself. The company’s head of blockchain, David Marcus, laid out his plan for Libra in a detailed
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The family of the Facebook employee who committed suicide has hired a law firm to investigate

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A law firm representing the family of the Facebook employee who committed suicide this month announced it is conducting an investigation into the circumstances of the death. “We’re trying to sort through all the information to secure the truth,” Qiaojing Ella Zheng, senior counsel at Sanford Heisler Sharp, told CNBC on Monday. Sanford Heisler Sharp represents the family of Qin Chen,
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Apple iOS 13: Is Facebook And Google’s Worst Nightmare Coming True?

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Apple’s iOS 13 has made some major changes to privacy and security that could be a huge blow to its rivals Facebook and Google. AFP/GETTY IMAGES Apple’s iOS 13 comes with some major changes to privacy and security, but it’s also highlighted the data collection practices of firms such as Facebook and Google. One of the
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Facebook still at odds with government over WhatsApp monitoring

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NEW DELHI: The government-Facebook dispute over traceability of messages in WhatsApp remained unresolved after Nick Clegg, the social media company’s vice president of global affairs and communications met senior ministers. Clegg, who was UK’s deputy PM from 2010 to 2015, met home minister Amit Shah, national security adviser Ajit Doval, IT and communications minister Ravi Shankar Prasad and commerce minister Piyush Goyal. Clegg
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Data is not oil, no need to hoard it: Facebook’s Nick Clegg

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NEW DELHI: US social media major Facebook has called on India to allow free flow of data across borders to discover its true value, urging against “hoarding” it. “There are many in India and around the world who think of data as the new oil, and that, like oil, having a great reserve of it held within your national boundaries
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Sex lives of app users ‘shared with Facebook’

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Intimate data, including when people have had sex, is being shared with Facebook, a study from Privacy International has suggested. PI studied a range of period-tracking apps to see exactly what information was shared with the social network. It included details such as what contraception was used, when periods were due and the type of symptoms
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Watch out for this key level in Facebook, Piper Jaffray technical analyst says

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Facebook is under a fresh wave of scrutiny. New York State Attorney Letitia James launched a joint investigation into potential antitrust violations on Friday, joining Florida, Iowa, and Colorado among others in putting the heat on Facebook. The latest probe comes on top of an investigation by the Federal Trade Commission. The increased regulatory pressure from federal
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Facebook and Google antitrust investigations: all you need to know

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Facebook and Google could face legal action comparable to what Microsoft went through 20 years ago. Photograph: Leon Neal/AFP/Getty Images Attorneys general in a number of US states are opening antitrust investigations into Facebook, New York’s attorney general, Letitia James, announced on Friday. A separate inquiry into Google is expected to be announced Monday. The new
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Facebook Dating launches in the United States today

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Nearly a year after it began testing in Colombia, Facebook Dating is now available in the United States. The product, which is available to users 18 and older, will appear as a new tab within the Facebook mobile app. People who opt in to Dating can create a profile that’s separate from their main Facebook profile
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