US lawmakers ask Facebook to freeze project Libra

IANS-   In a new letter sent to Facebook executives, US lawmakers are officially asking the social networking giant to cease all development of its Libra cryptocurrency, the media has reported. Under Facebook subsidiary Calibra, the social networking giant has planned to introduce a digital wallet for Libra. The wallet will be available on Messenger, […]

Facebook invests in Indian startup Meesho

IANS-   In its first-ever equity investment in an Indian start-up, Facebook on Thursday, June 13, announced an investment in Meesho, a platform that enables Indian entrepreneurs to establish online businesses via social channels. Although the social networking giant did not disclose the amount, the move by Facebook is seen as a commitment to the […]

Google top spender on lobbying in US: Report

IANS- Tech giant Google spent $21.7 million on lobbying efforts last year to influence lawmakers as the government and regulators sought great scrutiny from tech companies related to users’ privacy and unfair market practices. According to a CNBC report on Sunday, Google has been the top spender on lobbying for two consecutive years. “Amazon and […]