Highlights from Facebook’s Libra Senate hearing

Facebook will only build its own Calibra cryptocurrency wallet into Messenger and WhatsApp, and will refuse to embed competing wallets, the head of Calibra David Marcus told the Senate Banking Committee today. While some, like Senator Brown, blustered that “Facebook is dangerous!,” others surfaced poignant questions about Libra’s risks.

What we can learn from DTC success with TV ads

One of the most-discussed plot twists in recent advertising has been the pivot of Direct-to-Consumer (DTC) brands to linear TV. These data-driven, digital-first players are expanding well beyond Facebook and Instagram—and becoming serious players on the largest traditional medium in advertising.

Daily Crunch: Facebook and Libra go to Washington

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Facebook reportedly hasn’t contacted the regulator it says will oversee Libra’s privacy and data...

A Swiss regulatory agency that Facebook executive David Marcus said in Congressional testimony would be responsible for overseeing data and privacy protections for the company’s newly launched cryptocurrency, Libra, has not been contacted by Facebook, according to a report.

Facebook reportedly gets a $5 billion slap on the wrist from the FTC

The U.S. Federal Trade Commission has reportedly agreed to end its latest probe into Facebook‘s privacy problems with a $5 billion payout.

As FTC cracks down, data ethics is now a strategic business weapon

Five billion dollars. That’s the apparent size of Facebook’s latest fine for violating data privacy. 

Facebook’s testimony to Congress: Libra will be regulated by Swiss

The head of Facebook’s blockchain subsidiary Calibra David Marcus has released his prepared testimony before Congress for tomorrow and Wednesday, explaining that the Libra Association will be regulated by the Swiss government because that’s where it’s headquartered. Meanwhile, he says the Libra Association and Facebook’s Calibra wallet intend to comply will all U.S. tax, anti-money laundering and anti-fraud laws.

‘The Operators’: Understanding your user – The art and science of UI/UX behind Facebook,...

Welcome to this transcribed edition of The Operators. TechCrunch is beginning to publish podcasts from industry experts, with transcriptions available for Extra Crunch members so you can read the conversation wherever you are.

The Great Hack was one of the wildest movies I saw at Sundance

The trailer is out for Netflix doc The Great Hack, an early cut of which was screened at Sundance this year. I saw that cut during the fest and it was one of the wildest of a second wave of films trying to make sense of what the hell happened with Facebook and the election. A year ago, the tone was different. It was more shock and awe and impressionist art pieces. The Great Hack is part of a new breed that is making a serious attempt to put things into a narrative that normals can understand.

FEC says political campaigns can now get discounted cybersecurity help

In a long-awaited decision, the Federal Elections Commission will now allow political campaigns to appoint cybersecurity helpers to protect political campaigns from cyberthreats and malicious attackers.

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The best early features of Android Q

Yesterday, Google started down the road to Android Q by launching a beta program for this year’s major Android update. Android Q...

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