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TikTok’s Head To Connect With Legislators In Washington

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As suspicions surrounding the app’s ties to China continue to increase, TikTok chief Alex Zhu will meet with legislators in Washington, D.C. Blackburn told Zhu in a letter in November that she worries the social media app “is paving the way for the Chinese government to gain unfettered and unsupervised access to our children’s lives.”

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U.S. Regulators Eye ‘Record’ Facebook Fine For Privacy Violations

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Regulators in the United States have reportedly met to discuss levying fines against social media giant Facebook , a punishment that could be sizable in scope and which comes in the wake of privacy violations. The government shutdown currently underway has meant that regulators have not as of yet responded to the Friday reports.

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Scammers Hawking Bogus Libra Currency, Even On Facebook

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The social media giant is now compelled to address a growing number of fabricated exchanges associated with its digital asset, The Washington Post reported on Tuesday (July 23). It also introduces a new programming language, Move, designed to make it more efficient and secure.

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FinCEN Deputy Director Talks Reform, NBFI Supervision

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Jamal El-Hindi, the deputy director of the Financial Crimes Enforcement Network (FinCEN), spoke at the 2019 Money Transmitter Regulators Association Annual Conference on Wednesday (Sept. 11) about the importance of innovation and the regulation of non-banking financial institutions (NBFI), according to a release.

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Facebook Adds New Lobbyists In Libra Push

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The social media giant has been facing a lot of scrutiny over Libra, from lawmakers and regulators all around the globe. He used to be the managing director of Credit Suisse Securities, and he has other clients that include Delta Air Lines and the American Financial Services Organization.

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Facebook Berated By Microsoft; Presses To Fight Tech Thieves

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Microsoft President Brad Smith is concerned about how thieves are weaponizing tech, and he is berating Facebook for allowing it to fester on its network, The Washington Post reported on Sunday (Sept. Smith said social media companies should not make money from “hatemongers posting vile content” and then duck liability.

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Facebook’s Stock Faces Pressure On Heels Of NY Times Report

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Facebook, the leading social media company, is facing pressure after The New York Times issued a damaging report, with the stock falling close to 5 percent during intraday trading Monday (Nov. consulting firm, to create opposition research on critics of the company.