Follow the anti-trust rules or be regulated
Australia said technology giants such as Facebook and Google will have to agree to new rules to ensure they do not abuse their market power and damage competition, or the government will impose new controls on them.
US senators pummeled Apple and Facebook executives over their encryption and threatened to regulate the technology unless the companies make encrypted user data accessible to coppers and spooks.
Libra ban likely
Private digital currencies like Facebook’s Libra should not be allowed in the European Union until the risks they could pose are clearly addressed, EU finance ministers agreed.
Facebooks AI brain warns
Facebook's AI bloke Jerome Pesenti has warned that the technology is about to hit a brick wall.
Just does not use them
The US Justice Department antitrust chief said that existent US antitrust laws were “flexible enough” to address the harm caused by technology companies, in the face of growing criticism that such laws cannot tackle tech monopolies.
Share prices up five percent
Shares of Facebook rose nearly five percent after the social network reported its third straight rise in the pace of quarterly sales growth as well as an increase in users.
Social networking site Facebook sued Israeli cyber surveillance firm NSO Group, alleging it hacked users of its messaging platform WhatsApp earlier this year.
Shares stand with News Corp
News Corp CEO Robert Thomson is expected to begin praising the Facebook CEO Mark Zuckerberg as the social notworker has agreed to start paying for news.
It is OK if western politicians lie to you, just not Iranians and Russians
The social networking site which has decided to allow US politicians to lie about each other has cracked down on Russian and Iranian propaganda outfits doing the same thing.