Social media

Facebook is still betting big on products and innovation

A collage of facebook logos.
Illustration: Sarah Grillo/Axios

Love Facebook or hate it, you can't say the besieged company is shying away from new products or big thinking.

What's happening: In the past 18 months — amid Cambridge Analytica and all the other scandals — the company has launched bold new moves to help find you a date, to put cameras inside your home and, now, to encourage you to adopt a whole new cryptocurrency.

A new attack on social media's immunity

Illustration of hands holding giant hashtags
Illustration: Lazaro Gamio/Axios

For all the talk of antitrust investigations, the bigger threat to tech platforms like Google and Facebook is an intensifying call from Congress to revamp a law that shields them and other web companies from legal liability for users' posts.

Driving the news: House Intelligence Chairman Adam Schiff today joined a motley group of policymakers calling to reconsider the legal protections afforded to tech platforms. It's a broadening of a line of attack that caught fire last year when a new law made it easier to sue tech platforms for hosting sex-trafficking ads.