Facebook's refusal to remove a doctored video of House Speaker Nancy Pelosi is reigniting a debate over how tech platforms should respond to misinformation and hoaxes.
Why it matters: Facebook's decision to eventually demote — not remove — the doctored video has critics questioning whether its standards and processes are adequate enough to handle the constant attempts to spread misinformation on its platform ahead of the 2020 elections.
Facebook's new cryptocurrency, reportedly known internally as GlobalCoin, will be in "about a dozen countries" by this time next year, per the BBC. And it's going to be about more than just payments, according to an FT rep0rt this week — although the payments space alone is enormous.
Why it matters: "It should be as easy to send money to someone as it is to send a photo," says CEO Mark Zuckerberg. Given how many photos are shared across Facebook, Instagram and WhatsApp every day, it's clear that he sees an enormous opportunity here.
