Tech

Meta’s cryptocurrency ploy all but dead with Libra/Diem seeking to sell assets

Enlarge / With an image of Federal Reserve Bank Chairman Jerome Powell on a screen in the background, Facebook/Meta co-founder and CEO Mark Zuckerberg testifies before the House Financial Services Committee on October 23, 2019, in Washington, DC. (credit: Chip Somodevilla/Getty Images) After years of effort, Meta’s cryptocurrency initiative has collapsed under the weight of […]

Tech

Facebook loses bid to kill FTC antitrust lawsuit

Enlarge / A worker picks up trash in front of the new logo in front of Meta’s headquarters on October 28, 2021, in Menlo Park, Calif. (credit: Justin Sullivan/Getty Images) The Federal Trade Commission’s antitrust suit against Facebook may proceed, a federal judge has ruled. The company had filed a motion to dismiss the case, […]