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

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The project is hoping that a new name will help people forget the mass regulatory panic that drowned out Libra’s initial announcement.

Libra rebrands to Diem, hoping to shake off associations

2020-12-01T14:18:32+00:00

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Nobody seems to be in a rush to digitize the euro, but that could change given increasing global competition.

European central bankers predict that the digital euro is at least five years away

2020-11-30T15:42:18+00:00

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Stablecoins and CBDCs and their related issues of privacy and surveillance lead this week's Law Decoded.

Law Decoded: Cents and stability, Nov. 20–27

2020-11-27T17:35:37+00:00

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Libra will initially be pegged to just one fiat currency.

Facebook’s Libra to reportedly launch in January 2021 as USD stablecoin

2020-11-27T07:51:42+00:00

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The Libra Association has made a key hire in its pursuit of a new cryptocurrency and payments system.

Facebook’s Libra hires former OCC prosecutor and central bank expert

2020-11-25T18:22:14+00:00

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After proposing automated ways to monitor global stablecoins like Libra, a new report from BIS argues that a better solution may ultimately be central bank digi...

BIS report suggests ‘embedded‘ monitoring tool for stablecoins

2020-11-24T10:08:00+00:00

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The paper also put forward CBDCs as solutions to high transaction fees and the energy use of mining cryptocurrencies like Bitcoin.

US Fed researcher says CBDCs should beat Big Tech payments on privacy protection

2020-11-23T16:27:46+00:00

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What lies at the heart of the current problems with social media? What can and cannot be fixed?

Social media problems and solutions: ‘Centralization is not sustainable’

2020-11-15T11:30:00+00:00

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