Facebook has lost $60 billion in value

Facebook is having a bad day… for the second day in a row. Following the Cambridge Analytica debacle, Facebook shares (NASDAQ:FB) are currently trading at $164.07, down 4.9 percent compared to yeste

Tech industry comes out swinging against potential Trump tariffs

Over the weekend, the Information Technology Industry Council and 44 other trade associations banded together and published a letter demanding that the Trump administration take “measured” steps t

Facebook shares drop 4.4 percent following Cambridge Analytica debacle

Facebook has been at the center of a hectic debate about Cambridge Analytica and the company’s improper use of Facebook data. As a result, Facebook shares (NASDAQ:FB) opened at $177.01, down 4.4 per

France takes legal action against Apple and Google for their app stores

France’s Economy Minister Bruno Le Maire criticized Apple and Google for the way they run the App Store and Play Store. According to him, Google and Apple have too much power against app develop

UN says Facebook is accelerating ethnic violence in Myanmar

The United Nations has warned that Facebook’s platform is contributing to the spread of hate speech and ethnic violence in crisis-hit Myanmar. It’s yet another black mark against social me

Report calls for algorithmic transparency and education to fight fake news

A report commissioned by European lawmakers has called for more transparency from online platforms to help combat the spread of false information online. It also calls for urgent investment in media a

Platform power is crushing the web, warns Berners-Lee

On the 29th birthday of the world wide web, its inventor, Sir Tim Berners-Lee, has sounded a fresh warning about threats to the web as a force for good, adding his voice to growing concerns about big

SEC says cryptocurrency exchanges are an unregulated mess

The U.S. Securities and Exchange Commission has issued a warning on cryptocurrency exchanges. The SEC says that many exchanges are currently unregulated and can do whatever they want with your money.

UK watchdog wants disclosure rules for political ads on social media

The UK’s data protection agency will push for increased transparency into how personal data flows between digital platforms to ensure people being targeted for political advertising are able to

UK kicks off driverless car law review to get tech on the road by 2021

In 2021 the UK government intends the country to be well on its way to a driverless future. No, not a cheap joke about Brexit — yesterday it announced a three-year regulatory review to “

European Union plans to tax tech giants on local revenue

After months of speculations, France’s economy minister Bruno Le Maire announced in an interview with the JDD that Europe’s new tax model for tech giants is happening. The plan will be unveiled in


For many in the open source community, code and technology are meant to be free, shared with all of humanity in the pursuit of a better present and future. That is not how governments see it though. I

No one wants to build a “feel good” internet

If there is one policy dilemma facing nearly every tech company today, it is what to do about “content moderation,” the almost-Orwellian term for censorship. Charlie Warzel of Buzzfeed pointedly a

FCC Commissioner Mignon Clyburn reiterates need to fight for open internet

When the FCC rolled back net neutrality protections in December, advocates for the free, open internet came out en masse. Although the decision has been made, the fight isn’t over yet, and that’s

MIT study shows how much driving for Uber or Lyft sucks

Ride-hailing giants Uber and Lyft are delivering pitiful levels of take-home pay to the hundreds of thousands of US independent contractors providing their own vehicles and driving skills to deliver t

Social media handed “one-hour rule” for terrorist takedowns in Europe

The European Commission is still considering whether to regulate social media platforms to ensure they promptly remove illegal content — be it terrorist propaganda, child sexual exploitation or

Senator Markey officially introduces legislation to reestablish net neutrality

Senator Ed Markey (D-MA) has introduced legislation to reverse the FCC's recently published order and reestablish 2015's net neutrality rules. Although the bill has little chance of reaching the presi

The FTC settles with Venmo over a series of privacy and security violations

The FTC announced today it has settled with PayPal over a complaint about the company’s handling of privacy disclosures in its peer-to-peer payments app Venmo, its lack of disclosure over the sp

5G needs a “new mindset” towards Internet rules, telcos warn

Carriers have kicked off the world’s biggest mobile phone tradeshow with calls for an “investment friendly framework” to fund rollouts of next-gen 5G network technology and level the

Apple moves iCloud encryption keys for Chinese users to China

Apple told Reuters that the company had to comply with Chinese authorities and move iCloud data to Chinese data centers. Not everyone’s data is moving to China. This is only going to apply to reside
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