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The Netflix logo is seen on their office in Hollywood, Los Angeles.

Netflix sinks on subscriber losses, analysts still see growth

19 July 2019, 8:36 AM

Netflix shares fell about 11% on worries about its earnings report on Wednesday that showed lower-than-expected global growth.

David Marcus, CEO of Facebook’s Calibra, testifies to the House Financial Services Committee hearing on "Examining Facebook's Proposed Cryptocurrency and Its Impact on Consumers, Investors, and the American Financial System" on Capitol Hill.

US lawmakers challenge Facebook over Libra cryptocurrency plan

18 July 2019, 6:26 AM

Facebook is fighting to get Washington on its side after it shocked regulators and lawmakers with its announcement on June 18 that it was hoping to launch a new digital coin called Libra in 2020.

The logos of Amazon, Apple, Facebook and Google are seen in a combination photo from Reuters files

US lawmakers take jabs at Big Tech in antitrust hearing

17 July 2019, 5:18 AM

Legislators also demanded explanations from Apple Inc about charges for apps and in-app purchases, Facebook Inc for its rapidly changing privacy policy and Alphabet’s Google over whether its rivals are demoted in search results.

David Marcus, head of Facebook’s libra project, is expected to tell a US Senate committee today that Facebook will not launch its digital ­currency until all concerns from ­regulators have been ­addressed

Facebook vows Libra currency will wait for approval as US airs worries

16 July 2019, 5:40 AM

Facebook Inc said it would not proceed with the launch of its Libra cryptocurrency until regulatory concerns are addressed.

US approves penalty against Facebook for privacy, data protection lapses

13 July 2019, 7:05 AM

United States (US) regulators have approved a $5 billion penalty to be levied on Facebook to settle a probe into the social network’s privacy and data protection lapses, the Wall Street Journal reported Friday.

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