A brutal year: how the ‘techlash’ caught up with Facebook, Google and Amazon

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Privacy scandals and antitrust issues dogged Facebook and Google and Amazon saw a rise in employee organizing What goes up must come down, and in 2019, gravity reasserted itself for the tech industry. After years of relatively unchecked growth, the … Continued

Dozens of Facebook lobbyists tied to members of Congress, investigation shows

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Lobbyists worked for 29 current members of Congress, including Democratic party leaders, helping promote companys interests As tech giant Facebook grapples with congressional hearings over its policy allowing politicians to sponsor untruthful ads and its role in proliferating Sludge copartnership … Continued

Dutch court orders Facebook to ban celebrity crypto scam ads after another lawsuit

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A Dutch court has ruled that Facebook can be required to use filter technologies to identify and pre-emptively take down fake ads linked to crypto currency scams that carry the image of a media personality, John de Mol, and other … Continued

A Chinese digital currency is the real threat, not Facebook’s Libra | Kenneth Rogoff

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Western governments need to start thinking about their response to currencies they cannot control The Facebook chief executive, Mark Zuckerberg, was at least half right when Congress that there measures were quickly lifted. For Russia, sanctions have been in place … Continued

Libras critics are missing the forest for the trees

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Nik Milanovic proposed stablecoin. jumped shipdirect pressureturned intoassailedannouncedCritics, though well-intentioned, are missing the forest for the trees. Governments should heed the lesson of the U.S.-Soviet space race of the 1970s and use the idea behind Libra, if not the project … Continued

What happened when Alexandria Ocasio-Cortez came face to face with Facebooks Mark Zuckerberg | Carole Cadwalladr

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The New York politician has exposed the firms shameless disregard for the truth It was 1am the night before we published Mark Zuckerberg appeared before the US Congresss House financial services committee to talk about Facebooks plans for its Libra … Continued