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PARIS — French data regulator the CNIL is set to fine Google €150 million and Facebook €60 million for violating EU privacy rules. According to a document seen by POLITICO, the CNIL will fine Google’s United States and Irish operations €90 million and €60 million respectively, and Facebook’s Irish arm €60 million for failing to […]

The day after former Facebook employee and whistleblower Frances Haugen went public in October, the company’s team in Washington started working the phones. To lawmakers and advocacy groups on the right, according to people familiar with the conversations, their message was that Ms. Haugen was trying to help Democrats. Within hours, several conservative news outlets […]

Britain will seek to regulate the rise of the metaverse popularised by Mark Zuckerberg’s Facebook under its flagship Online Safety Bill, the UK’s digital minister has confirmed. Facebook, which rebranded as Meta in November, and dozens of other companies have claimed that breakthroughs in virtual reality mean that a seamless blending of the virtual world […]

When you watch a magician wave his right hand in a flourish, keep an eye on his left, because that’s usually where the real action is. This lesson is certainly true of Facebook’s own recent “magical” flourishes. First, Facebook unveiled a new name — Meta Platforms FB, -1.12% — as part of its project to […]

Individuals may have digital dollars accessible by way of smartphones inside a couple of years. Paper cash and checkbooks gained’t go away fully however the general advantages of digital cash are compelling. Most of us already obtain paychecks, Social Safety advantages and another funds digitally by way of direct deposit. We are able to swap these funds […]

The Shopper Monetary Safety Bureau has wide-ranging powers to control and police the monetary providers trade, and for the primary time in 4 years it has a director in Rohit Chopra who seems poised to make use of these powers to the fullest. Observers have speculated as to Chopra’s priorities for his tenure, however highly […]