Aarti Shahani

Updated at 1:25 p.m. ET

Given Facebook's track record of broken promises over privacy, U.S. senators said Tuesday that the social media giant can't be trusted when it comes to plans to launch a digital currency.

"Facebook is dangerous," Sen. Sherrod Brown, D-Ohio, said at a Senate Banking Committee hearing. "Like a toddler who's gotten his hands on a book of matches, Facebook has burned down the house over and over, and called every arson a learning experience."

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Twitter is creating a warning label to flag and suppress political tweets that break the platform's rules on acceptable speech. It's a bold step for the company, which has come under sharp criticism for its handling of tweets by major political figures including President Trump.

In one Facebook post, he stands tall in yellow camouflage, decorated with badges. He promises he'll increase the salaries of teachers in Sudan. In another post, he hunches over a fire, cooking food with locals.

Facebook says that by next year people on apps like Whatsapp and Messenger will be able to basically text payments. This news comes as regulators are asking if the tech giant is already too powerful.

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Updated at 11:29 a.m. ET

Google is quietly assuming the role of Huawei emissary, according to a senior Huawei official, in effect negotiating with the Commerce Department on behalf of the Chinese telecom giant that has been blacklisted in the U.S.

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Social media giants say they will work with heads of state to regulate extremist content that spreads online. One key player has refused to endorse the plan - the United States. NPR's Aarti Shahani reports.

Facebook expects to pay a fine of up to $5 billion in a settlement with federal regulators. The tech giant disclosed that figure in its first-quarter 2019 financial results.

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