Why each Libra member’s mutiny hurts Facebook

There’s a strategic cost to the defection of Visa, Stripe, eBay, and more from the Facebook-led cryptocurrency Libra Association. They’re not just names dropping off a list. Each potentially made Libra more useful, ubiquitous, or reputable. Now they could become obstacles to the token’s launch or growth. Fearing regulators’ inquiries not just into their Libra […]

California’s Privacy Act: What you need to know now

This week California’s attorney general, Xavier Becerra, published draft guidance for enforcing the state’s landmark privacy legislation. The draft text of the regulations under the California Consumer Privacy Act (CCPA) will undergo a public consultation period, including a number of public hearings, with submissions open until December 6 this year. The CCPA itself will take […]

Cryptocurrency’s bad day continues as the SEC blocks Telegram’s $1.7 billion planned token sale

Cryptocurrency’s bad news day continues to get worse as the U.S. Securities and Exchange Commission has said it has filed an emergency action and received a restraining order for the $1.7 billion planned token offering of Telegram’s blockchain. The move from the SEC follows the continued dissolution of the corporate alliance that was supporting Facebook’s […]

EBay, Stripe and Mastercard drop out of Facebook’s Libra Association

Oof — a week after PayPal announced plans to part ways with Facebook’s Libra cryptocurrency project and the related association of the same name, three more names are reportedly breaking away: eBay, Stripe and Mastercard. (Update: and now Visa!) In a comment to TechCrunch, a Stripe spokesperson leaves the door open for them to potentially […]

Facebook sure does love free $peech

Ensuring politicians in the 2020 election stay truthful is hard work, so Facebook has decided it’s going to sit this one out. Joe Biden’s campaign team sent a letter to CEO Mark Zuckerberg, COO Sheryl Sandberg and global elections policy chief Katie Harbath that essentially called on the company to take down a Trump campaign […]

Silicon Valley’s competing philosophies on tech ethics with The New Yorker’s Andrew Marantz

“If Silicon Valley is going to keep telling itself the story that the only uses of their technology will be the most optimistic, the most hopeful, the most salubrious, the most prosocial,” New Yorker staff writer Andrew Marantz told me in Part 1 of this recent conversation for Extra Crunch, “you can try to rebut […]

Instagram launches Create mode with On This Day throwbacks

Instagram has finally turned Throwback Thursday into an official feature. It’s part of the new Instagram “Create” mode that launches today in Stories, bringing the app beyond the camera. Create makes Instagram a more omni-purpose social network with the flexibility to adapt to a broader range of content formats. For now, the highlight of Create […]

Facebook’s Workplace hits 3M paying users, launches Portal app in a wider push for video

The rapid rise of Slack — which has recently broken the 100,000 mark for paying businesses using its service — has ushered in a rush of competition from other companies across the worlds of social media and enterprise software, all aiming to become the go-to conversation layer for businesses. Today, Workplace, Facebook’s effort in that […]

An interview with Dr. Stuart Russell, author of “Human Compatible, Artificial Intelligence and the Problem of Control”

(UC Berkeley’s Dr. Stuart Russell’s new book, “Human Compatible: Artificial Intelligence and the Problem of Control, goes on sale Oct. 8. I’ve written a review, “Human Compatible” is a provocative prescription to re-think AI before it’s too late,” and the following in an interview I conducted with Dr. Russell in his UC Berkeley office on […]

How ‘the Internet broke America’ with The New Yorker’s Andrew Marantz

When Elizabeth Warren took on Mark Zuckerberg and Facebook earlier this week, it was a low moment for what New Yorker writer Andrew Marantz calls “techno-utopianism.” That the progressive, populist Massachusetts Senator and leading Democratic Presidential candidate wants to #BreakUpBigTech is not surprising. But Warren’s choice to spotlight regulating and trust-busting Facebook was nonetheless noteworthy, […]