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Visa and Mastercard may Soon exit Russia

New Russian payment system laws could lead the world’s largest credit and debit card companies Visa and Mastercard to exit the country’s market, the Kommersant business daily reported on Friday. Russian lawmakers are now considering new legislation that will in effect prohibit international payment systems from refusing to process transactions …

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US regulators approve $5bn Facebook fine

The Federal Trade Commission has approved an approximately $5 billion fine for Facebook. The reason is that Facebook did not do anything to avoy that the associate company Cambridge Analytica used more than 80 million datas of its user data. This settlement would mark by far the largest penalty against a …

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Facebook will make its cryptocurrency

It’s called Libra.  Facebook also announced the creation of the Libra Association, an independent organization that will manage the currency, and Calibra, a unit of Facebook that will build applications related to the new digital currency. Facebook has 2.4 billion users around the world, an audience that could help it spur …

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Antitrust of big tech

The House Judiciary committee started an antitrust investigation of the tech industry, including Amazon, Apple, Facebook and Google. Committee officials have notified the big techs of the coming investigation. They all collapsed on Wall Street market today, investors are afraid it’s just the beginning.

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