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Emily Glazer / Wall Street Journal:
Sources: in a 3-2 vote, FTC commissioners have approved a record $5B settlement with Facebook over the company's privacy violations   —  FTC commissioners broke along party lines, 3-2, with the Republican majority lining up to support the pact while Democratic commissioners objected
Jul 12, 2019, 3:57 PMIn context
Josh Constine / TechCrunch:
Facebook, Calibra, and Libra Association execs on how they will approach taxation, anti-money laundering, and other regulatory issues for the new cryptocurrency   —  Libra claims it's no bank like Trump accuses  —  Facebook provided TechCrunch with new information on how its cryptocurrency …
Jul 12, 2019, 12:35 PMIn context
Richard Lawler / Engadget:
Trump says cryptocurrencies including Facebook's Libra are “not money”, need to be regulated, citing their high volatility and facilitation of unlawful behavior   —  Just hours after a “social media summit,” the president's Twitter account posted a thread aimed at, of all things, cryptocurrency.
Jul 11, 2019, 9:30 PMIn context
Tom Simonite / Wired:
Facebook says its AI bot Pluribus, developed in collaboration with Carnegie Mellon, is the first such bot to beat top pros at six-player No-Limit Texas Hold 'Em   —  The 32-year-old is the only person to have won four World Poker Tour titles and has earned more than $7 million at tournaments.
Jul 11, 2019, 5:30 PMIn context
Katie Notopoulos / BuzzFeed News:
Facebook is starting to show users which marketing and data companies have your data, how an ad was targeted, and how to opt-out   —  The new tool tells you how an ad was targeted and which third-party agency or data broker was used.  It also links to pages to opt out.
Jul 11, 2019, 12:20 PMIn context
BBC:
France passes a 3% digital services tax on sales in France for large internet companies with over €25M in French revenues; the law affects about 30 companies   —  France has approved a digital services tax despite threats of retaliation by the US, which argues that it unfairly targets American tech giants.
Jul 11, 2019, 11:10 AMIn context
Casey Newton / The Verge:
CBP agents' and other closed Facebook Groups show how Facebook algorithms help racists, conspiracy theorists, and others find each other and recruit newbies   —  When private spaces bring bad actors together  —  It's been four months now since Facebook announced its intention to invest …
Jul 11, 2019, 7:30 AMIn context
Alex Heath / The Information:
Sources: Facebook is looking to buy game studios and has signed deals for exclusive VR versions of Assassin's Creed and more to bolster its Oculus ecosystem   —  Facebook is looking to buy game studios and ink exclusive deals for virtual reality versions of well-known games to bolster …
Jul 10, 2019, 2:40 PMIn context
Josh Constine / TechCrunch:
Anchorage, which safeguards crypto assets for institutions with a unique no-password security system, raises $40M Series B led by Blockchain Capital   —  Visa and Andreessen Horowitz are betting even bigger on cryptocurrency, funding a big round for fellow Facebook Libra Association member …
Jul 10, 2019, 9:00 AMIn context
Rani Molla / Vox:
ETR survey of ~580 CIOs or IT decision makers at large enterprises reveals 59% use or plan to adopt Microsoft Teams compared with 35% for Slack   —  Microsoft Teams isn't better than Slack, but it is freer.  —  Tech workers' favorite communications tool, Slack, is losing ground to its biggest rival …
Jul 10, 2019, 8:05 AMIn context

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