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The social media giant is facing more blowback from users, regulators and investors following reports that its user data was misused by a firm that worked for the 2016 Trump presidential campaign.

Libra will be controlled by a nonprofit group in which Facebook will share responsibilities with companies ranging from Mastercard and PayPal to Uber and eBay.

With that price range the social network is valuing itself between $77 billion and $96 billion.

Tim Walz stepped into the spotlight last night at the DNC giving the crowd a pep talk. Here are five other takeaways from the convention so far. And, new COVID-19 vaccines are on the way.

Facebook CEO Mark Zuckerberg has broken his silence addressing the controversy over how a voter targeting firm harvested the personal data of some 50 million users. He acknowledged the company made mistakes.

Facebook's decision to acquire Instagram for $1 billion set off strong reactions among Instagram users Monday, when the deal was announced. And if any of the photo-sharing service's fans were in love with the deal, they seemed to be keeping pretty quiet about it.

In Denver, Sean Moore is known as "the cupcake guy." Each morning, he loads up a 1969 Ford Vanette with cupcakes made at a bakery he co-owns with his wife. Once he finds a parking spot, he tells his customers through social media sites where he is -- and how long he'll be there.

Isaiah Cutler, 18, is in jail accused of burglarizing a market with three friends and taking thousands in cash and merchandise. An hour later, he supposedly posted pictures of the fellows and their stash on Facebook. A relative saw the photos, alerted grandma and she called the cops.

At your next job interview you might need to hand in more than a resume and references. More employers are requiring applicants to submit their Facebook password as part of the application process. States like Illinois and Maryland are enacting legislation to ban the practice. Robert Siegel talks with Robert Collins, who had to hand over his Facebook user name and password when applying for a job with the Maryland Department of Public Safety and Correctional Services.

Facebook temporarily banned Dan Scavino, President Trump's social media director, from posting comments. Facebook says his postings were flagged by an algorithm.