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‘Arrogance,’ ‘a ploy,’ ‘bold’: Here’s what officials are saying about Facebook’s Libra

Rep. Alexandria Ocasio-Cortez, (D-N.Y.) questions David Marcus, who heads Calibra, Facebook’s cryptocurrency subsidiary, at a hearing Wednesday. (Andrew Harrer/Bloomberg) Renae Merle Reporter covering white-collar crime and Wall Street July 19 A growing chorus of critics in government and the financial sector has raised concerns about Facebook’s plans to create a global currency. This week, two […]

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Bitcoin slides after Fed chair says Facebook’s cryptocurrency raises ‘serious concerns’

Federal Reserve Chair Jerome H. Powell said Facebook’s planned Libra digital currency poses potential risks to the stability of the financial system. (Chesnot/Getty Images via Bloomberg) July 11 at 10:07 PM The price of bitcoin fell by more than 10 percent after the chair of the Federal Reserve told Congress that Facebook’s planned cryptocurrency raises […]

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New York governor orders discrimination probe into Facebook’s advertising platform

(Reuters) — New York Governor Andrew Cuomo on Monday ordered the U.S. Department of Financial Services to investigate reports that state-regulated advertisers were using Facebook Inc’s advertising platform in a discriminatory manner. This is the second investigation that the state governor has ordered into the social media company this year. In February, Cuomo ordered two […]

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The deadly poison sarin was detected in a mail bag at Facebook’s offices in California

In this Jan. 9, 2019 photo, media and guests tour Facebook’s 130,000-square-foot offices, which occupy the top three floors of a 10-story Cambridge, Mass. building.AP Photo/Elise Amendola The deadly poison sarin has been detected at a mail facility for Facebook in Menlo Park, California, prompting FBI involvement. On Monday, routine tests for sarin detected the […]

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Facebook’s A.I. Whiz Now Faces the Task of Cleaning It Up. Sometimes That Brings Him to Tears.

MENLO PARK, Calif. — Mike Schroepfer, Facebook’s chief technology officer, was tearing up. For half an hour, we had been sitting in a conference room at Facebook’s headquarters, surrounded by whiteboards covered in blue and red marker, discussing the technical difficulties of removing toxic content from the social network. Then we brought up an episode […]

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The Man Deciding Facebook’s Fate

Advertisement Supported by The Man Deciding Facebook’s Fate ImageJoseph J. Simons, the chairman of the Federal Trade Commission, is a lawyer who has focused on antitrust regulation for most of his career.CreditCreditAndré Chung for The New York Times By Cecilia Kang March 8, 2019 WASHINGTON — The Federal Trade Commission has no shortage of critics […]

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Inside Facebook’s Secret Rulebook for Global Political Speech

ImageFacebook’s headquarters in Menlo Park.CreditCreditJason Henry for The New York Times Inside Facebook’s Secret Rulebook for Global Political Speech Under fire for stirring up distrust and violence, the social network has vowed to police its users. But leaked documents raise serious questions about its approach. Facebook’s headquarters in Menlo Park.CreditCreditJason Henry for The New York […]

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A Look Inside the Tactics of Definers, Facebook’s Attack Dog

Supported by A Look Inside the Tactics of Definers, Facebook’s Attack Dog ImageSheryl Sandberg, Facebook’s chief operating officer, testifying in September before a Senate committee.CreditCreditEric Thayer for The New York Times By Jack Nicas and Matthew Rosenberg Nov. 15, 2018 SAN FRANCISCO — A small firm called Definers Public Affairs brought the dark arts of […]

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Delay, Deny and Deflect: How Facebook’s Leaders Fought Through Crisis

Delay, Deny and Deflect: How Facebook’s Leaders Fought Through Crisis ImageFacebook has gone on the attack as one scandal after another — Russian meddling, data sharing, hate speech — has led to a congressional and consumer backlash.CreditCreditTom Brenner for The New York Times By Sheera Frenkel, Nicholas Confessore, Cecilia Kang, Matthew Rosenberg and Jack Nicas […]