Mark Zuckerberg

Committee Democrats Call on Facebook to Halt Cryptocurrency Plans

“Investors and consumers transacting in Libra may be exposed to serious privacy and national security concerns, cyber security risks, and trading risks. Those using Facebook’s digital wallet – storing potentially trillions of dollars without depository insurance– also may become unique targets for hackers. For example, during the first three quarters of 2018, hackers stole nearly $1 billion from cryptocurrency exchanges. The system could also provide an under-regulated platform for illicit activity and money laundering.”

Facebook Releases Results from Civil Rights Audit

Facebook users will now be privy to updated reports on the company’s civil rights audit, started last year in response to criticisms from various civil rights groups about its operations. The new report came about six months after the audit began, and officials said they will continue to provide updates until the audit is complete. So far, the report has shown progress in a variety of areas including voting rights, diversity and inclusion, content moderation and privacy.