Facebook has confirmed that its cryptocurrency will be called Libra, though the social media network will not be controlling this currency. It will also launch a dedicated wallet app called Calibra to support Libra transactions.
YouTube, which is owned by Google, has come under fire in the last couple of years, as controversial and supremacist content has continued to show up on the site despite the company's attempts to filter it out.
Apple CEO Tim Cook slammed Silicon Valley companies on the issue of data privacy. In a speech at Standford University in the US, Cook said that companies can not dodge responsibility for the "chaos" they create, without naming Facebook or Google.
Tesla CEO Elon Musk abruptly revealed that he is closing the popular Twitter account that has repeatedly landed him in legal trouble but then proceeded to keep it open long after announcing he had deleted it.
Huawei Technologies Co Ltd's founder and CEO Ren Zhengfei said the impact of a U.S. ban on the Chinese company was more severe than expected and warned that revenue would dip to around $100 billion this year and the next.