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Facebook News

Founded in 2004, Facebook serves as one of the world’s largest social media platforms. A public company tradable under the stock ticker FB, Facebook lets users post pictures, videos and updates, as well as chat and connect with people, among other functions on its platform. Users can also buy and sell things on Facebook Marketplace and chat on their mobile devices via the Facebook Messenger app.

Facebook has faced scrutiny for questionable practices. Facebook founder Mark Zuckerberg has spoken in a number of U.S. government hearings.

In 2019, the company released a white paper detailing its Facebook Libra, a type of stablecoin cryptocurrency. The project met notable regulatory scrutiny and has since changed its name from Libra to Diem.

Top News

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'Much ow' ahead? Dogecoin chart fractal puts Shiba Inu's 390% QTD rally in danger

Shiba Inu rebounds 40% despite major selling by SHIB whales

One currency to rule them all: Facebook’s Diem has global ambitions

Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days

A former PBoC official says that his country has taken a cautious approach with the digital yuan.

China has no plan to replace USD with digital yuan, former PBoC head says

2020-12-14T11:44:00+00:00

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Regulators around the globe are increasingly turning hostile to the social media behemoth.

FTC sues Facebook in antitrust lawsuit as regulators mount offensive

Andrey Shevchenko

2020-12-10T11:49:22+00:00

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The social media giant has rebranded in hopes of scoring regulatory approval.

Facebook hopes to launch its crypto and wallet in 2021, top exec says

2020-12-08T09:46:42+00:00

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Facebook’s plan to rebrand its stablecoin project from Libra to Diem has been met with legal threats from a small European startup of the same name.

Carpe ‘Diem’: Lawsuit threatened over Facebook’s Libra rebrand plan

2020-12-08T04:39:41+00:00

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German finance minister says “A wolf in sheep's clothing is still a wolf.”

German government unimpressed by Facebook stablecoin's rebrand

Andrey Shevchenko

2020-12-07T17:00:08+00:00

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Stablecoins are an integral part of the future of the financial system. And Facebook’s Diem, formerly Libra, is part of that future.

Facebook’s Diem stablecoin is an existential threat to traditional banking

2020-12-05T17:17:00+00:00

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But the bill is unlikely to become law any time soon.

Congresspeople speak out against Tlaib's anti-stablecoin bill

2020-12-05T15:54:15+00:00

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Tentative clampdowns coming from both the Treasury and the House in the United States lead this week's Law Decoded.

Law Decoded: New threats to self-custody take shape in the US, Nov. 27–Dec. 4

2020-12-04T17:48:56+00:00

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