Tag: Facebook

Meta has agreed to pay $725m to settle a lawsuit that accused the social network of enabling third parties to access users’ private data.

Starling Bank has pulled all of its paid advertising on Facebook and Instagram due to concerns regarding fraudsters on the platforms.

France’s data privacy and protection body has slapped Facebook with a €60m fine and Google with a €150m penalty following misdemeanours around internet cookies.

Visa and Mastercard have cut ties with Pornhub after both payment providers investigated allegations of child sexual abuse.

The Libra Association has changed its name to the Diem Association to reinforce "its organisational independence" as the cryptocurrency could launch as early as January.

The Facebook-led Libra Association is reportedly gearing up to launch its cryptocurrency at the start of 2021.

Indian regulators has given WhatsApp a thumbs up, allowing the Facebook-owned app to operate as a payment service in the country.

Andrew Bailey, governor at the Bank of England, has called on financial regulators to stop playing catch up in how they supervise digital payments methods such as stablecoin and cryptocurrencies.

The European Central Bank has warned that Europe's failure to produce big tech companies of its own to compete with American ones could leave the EU exposed and reliant on foreign providers as big tech moves into the FinTech sector.

Competition Commission of India (CCI) has dismissed a case accusing WhatsApp of abusing its market dominance in the payment space.