Stories by Scott Rosenberg

Facebook's bid to make crypto safe for business

 Illustration of a Libra coin wearing a hard hat and safety glasses.
Illustration: Aïda Amer/Axios

Facebook's plan for its Libra cryptocurrency illustrates one of Silicon Valley's most durable principles: Tech revolutions tend to start with a radical idea but don't spread unless the idea is made safe for business.

Why it matters: If Facebook succeeds in its bid to domesticate cryptocurrency, following in the footsteps of open source software and the internet itself, it could outflank the global currency system and leave the social network as keeper of everyone's money.

Antitrust exemption may not save news publishers

Antique illustration of a 19th-century steam powered printing press
Steam-powered rotary press for the New York Sun, 19th century. Photo: DeAgostini/Getty Images

News publishers told Congress Tuesday that they need an exemption from antitrust laws to shore up their revenue in the digital age, in the first hearing of a series on "Online Platforms and Market Power" by a House Judiciary subcommittee.

Why it matters: Everyone agrees that trustworthy journalism is essential to democracy, but that's where the consensus ends.

Facebook bars deceptive accounts tied to Iran

Facebook announced Tuesday it had removed 51 accounts, 36 pages, 7 groups and 3 Instagram accounts that it said originated in Iran and were responsible for "coordinated inauthentic behavior."

Why it matters: The announcement comes as tensions between the U.S. and Iran have escalated in the wake of the Trump administration's withdrawal from a multinational agreement aimed at controlling Iran's nuclear program.