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The state and federal officials say Facebook's acquisitions of WhatsApp and Instagram violated competition laws and served to stifle rivals by giving the social network an unfair advantage.
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Libra will be controlled by a nonprofit group in which Facebook will share responsibilities with companies ranging from Mastercard and PayPal to Uber and eBay.
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The CEO of Facebook testified before Congress for the first time on Tuesday. He apologized for allowing Facebook tools to be used to do harm — and vowed to take more responsibility over user content.
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Facebook CEO Mark Zuckerberg testified on Capitol Hill Tuesday to answer questions about protecting user data. The hearing held by the Senate Judiciary…
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For some, the news is good: "It doesn't appear your Facebook information was shared with Cambridge Analytica." For others, it's not so clear.
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Facebook CEO Mark Zuckerberg will testify before the Senate judiciary and commerce committees on Tuesday and the House Energy and Commerce Committee on Wednesday.
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Silicon Valley entrepreneur Mitch Kapor says Zuckerberg — set to appear before Congress on Tuesday and Wednesday — is at a crossroads, and reflects on his performance as a leader in the public eye.