The Chair of the Commons Digital, Culture, Media and Sport Committee has urged Australians not to let Facebook bully them, warning the social media giant will only bully the rest of the world if they get away with it.

Wall Street is embracing bitcoin but there remains a fierce debate over whether the cryptocurrency is a legitimate asset with any real purpose or value.

The ASX is set to open sharply in the red as Wall Street slumped lower on the back of the release of economic data that showed continuing pain for recession-impacted Americans.

Money manager Perpetual went on a buying spree last year and chief executive Rob Adams says the hunt for new acquisitions is not over.

Money manager Perpetual went on a buying spree last year and chief executive Rob Adams says the hunt for new acquisitions is not over.