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Facebook and partners move forward with Libra cryptocurrency after string of exits

Facebook’s effort to launch a new cryptocurrency called Libra has faced numerous setbacks from regulatory scrutiny to an exodus of key partners.  But the social media giant and its partners signaled on Monday they’re still planning to move forward with plans to launch the new digital currency in 2020. Twenty one organizations, including Facebook, formally joined the Libra Association, which …

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Uber cuts 350 employees in latest round of layoffs

Uber announced it laid off another 350 employees on Monday from several teams across the company. This is the ride-hailing service’s third round of layoffs over the past 10 weeks and brings the total number of people cut from its payroll to 1,185. Company CEO Dara Khosrowshahi said he intends for this to be Uber’s final round of layoffs. “Days …

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