Leading companies exit from Facebook’s Libra Digital currency, including Mastercard, Visa and Ebay

Leading companies exit from Facebook’s Libra Digital currency, including Mastercard, Visa and Ebay

California: Four months ago, Facebook’s digital currency that was launched with great fanfare has suffered major blows back-to-back. Five companies participating in the Libra venture have decided to back out in the last 24 hours. These companies include the world leaders in payments processing such as Mastercard, Visa and Stripe. Given this development indicates that […]

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European Union institutes inquiry against Facebook, over the issue of Libra cryptocurrency

European Union institutes inquiry against Facebook, over the issue of Libra cryptocurrency

Brussels: The troubles for Libra cryptocurrency, being launched by the social media company Facebook, seem to be increasing. Following the action initiated by the countries like the United States and Australia, now the European Union has instituted an inquiry against ‘Facebook Libra’. The spokesman of the Union informed that independent notices had been sent to […]

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Facebook acquires Control Labs, makers of the Mind Reading Wristband accepting messages from brain

Facebook acquires Control Labs, makers of the Mind Reading Wristband accepting messages from brain

California: Facebook has acquired the start-up which has developed ‘Mind Reading Wrist Band’, that reads the instructions sent by the brain to the arm. The name of the Start-up being Control Labs, this deal is claimed to be nearly USD 1 billion, as per the US media. With this acquisition, Facebook would make a mark […]

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Scale of action against the Big Tech companies in US becomes more comprehensive; more than 20 states to participate in the inquiry

Scale of action against the Big Tech companies in US becomes more comprehensive; more than 20 states to participate in the inquiry

Washington: There are indications that the scale of action initiated by the Trump administration against the big companies, in the information technology sector, will become more comprehensive. More than 20 states in the United States have contacted the central agencies with an insistent demand that they should be included in the action against the Big […]

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Back door access necessary in social media, to stop terrorism and atrocities against children, demands intelligence agency Five Eyes Alliance nations

Back door access necessary in social media, to stop terrorism and atrocities against children, demands intelligence agency Five Eyes Alliance nations

London: In a meeting held in London, intelligence agencies called for a special access to social media platforms like Facebook and WhatsApp to prevent terror attacks and to combat child abuse. A meeting of ‘Five Eyes Alliance’, an independent and influential group of intelligence agencies at the international level, started in the British capital of […]

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Australia indicates controls over the ‘Big Tech’ companies including Google and Facebook

Australia indicates controls over the ‘Big Tech’ companies including Google and Facebook

Canberra: Following the United States, European Union and France, even Australia has indicated to rein in the bigwigs such as Facebook, Google and alike from the technology sector. The Australian government, in its reports released on Friday, has recommended more regulations on these technology bigwigs like Google and Facebook. ‘Companies like Google and Facebook need […]

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US initiates probe against Google, Amazon, Facebook and other bigwigs from the tech industry

US initiates probe against Google, Amazon, Facebook and other bigwigs from the tech industry

Washington: The US Department of Justice (DOJ) has decided to institute investigations against the Big Tech resorting to monopolistic practices, using the financial might. Companies like Google, Amazon, Apple and Facebook would be facing the probe, named as the ‘Antitrust Review’. Only last week, a hearing was held of the companies, before the US Congressional […]

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More than 4,00,000 people to storm Area-51 in Nevada, US to see aliens

More than 4,00,000 people to storm Area-51 in Nevada, US to see aliens

Washington: In an attempt to see aliens, more than 4,00,000 people are planning to storm ‘Area 51’ which has been declared as ‘highly classified and restricted’ by the US Defence Department. An event created on social media networking site ‘Facebook’ for this purpose has received an overwhelming response, compelling the international media to take note […]

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US indicates scrutiny of big IT companies including Google, Amazon, Apple and Facebook

US indicates scrutiny of big IT companies including Google, Amazon, Apple and Facebook

Washington: The US Congress and administration hints that big Information Technology (IT) companies would be undergoing scrutiny. The list of companies includes Google, Amazon, Apple and Facebook. The US Congress has said that these companies are allegedly using their financial muscle to create a monopolistic situation in the marketplace, which is detrimental to the democratic […]

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