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  • Facebook commits $1B to tackle affordable housing in California, other locations

    California is in the midst of a serious housing crisis with ramifications that stretch across the state. In the Bay Area, the crisis is often at its most visible due to the presence of tech mega-corps and the influx of highly paid tech workers that have exacerbated the problem. It hasn’t been uncommon for some […]

  • Daily Crunch: Facebook fights (some) election lies

    The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. New Facebook features fight election lies everywhere but ads Facebook made a slew of announcements designed to stop 2020 election interference […]

  • New York’s Facebook antitrust investigation now has 46 other attorneys general onboard

    New York Attorney General Letitia James is turning up the heat on the state’s antitrust investigation into Facebook, which is seeking “to determine whether Facebook’s actions may have endangered consumer data, reduced the quality of consumers’ choices, or increased the price of advertising.” Her coalition previously consisted of attorneys general from a total of eight […]

  • British parliament presses Facebook on letting politicians lie in ads

    In yet another letter seeking to pry accountability from Facebook, the chair of a British parliamentary committee has pressed the company over its decision to adopt a policy on political ad that supports flagrant lying. In the letter Damian Collins, chair of the DCMS committee, asks the company to explain why it recently took the […]

  • India moves closer to regulating internet services as it fears ‘unimaginable disruption to democracy’

    India said on Monday that it is moving ahead with its plan to revise existing rules to regulate intermediaries — social media apps and others that rely on users to create their content — as they are causing “unimaginable disruption” to democracy. In a legal document filed with the country’s apex Supreme Court, the Ministry […]

  • New Facebook features fight election lies everywhere but ads

    Heaven forbid a political candidate’s Facebook account gets hacked. They might spread disinformation…like they’re already allowed to do in Facebook ads… Today Facebook made a slew of announcements designed to stop 2020 election interference. “The bottom line here is that elections have changed significantly since 2016,” and so has Facebook in response, CEO Mark Zuckerberg […]

  • In a big reversal, Libra reportedly could peg its cryptocurrencies to national currencies

    Facebook is willing to reverse course on its plans to tie its digital currency project to a synthetic currency tied to a basket of global currencies. Reuters is reporting that Facebook’s head of the Libra project, David Marcus, told a group of bankers that the company’s main goal was to create a better payments system […]

  • MediaLab acquires messaging app Kik, expanding its app portfolio

    Popular messaging app Kik is, indeed, “here to stay” following an acquisition by the Los Angeles-based multimedia holding company, MediaLab. It echoes the same message from Kik’s chief executive Tim Livingston last week when he rebuffed earlier reports that the company would shut down amid an ongoing battle with the U.S. Securities and Exchange Commission. Livingston […]

  • VR/AR startup valuations reach $45 billion (on paper)

    Despite early-stage virtual reality market and augmented reality market valuations softening in a transitional period, total global AR/VR startup valuations are now at $45 billion globally — include non-pure play AR/VR startups discussed below, and that amount exceeds $67 billion. More than $8 billion has been returned to investors through M&A already, with the remaining […]

  • Daily Crunch: Zuckerberg has thoughts on free speech

    The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Zuckerberg on Chinese censorship: Is that the internet we want? The Facebook CEO spoke yesterday at Georgetown University, sharing his thoughts […]