Tagged: mark zuckerberg

Meta Exits NFTs, Will Continue to Invest in Fintech Tools, Announces More Layoffs

Meta’s (NASDAQ:META) commerce and Fintech lead Stephane Kasriel tweeted yesterday that the social platform is exiting the non fungible token (NFT) market, at least for now. Kasriel said they are refocusing efforts on supporting creators, people and businesses. This includes “messaging and monetization opps for… Read More

Democrat Senators Worry about Crypto Scams on Meta (Facebook)

Yesterday, several US Senators, all Democrats, issued a statement regarding concerns of crypto scams proliferating on Meta (Facebook) (NASDAQ:META). A letter signed by these Senators was sent to Meta CEO Mark Zuckerberg. Signed by, Senators Bob Mendez, Sherrod Brown, Elizabeth Warren, Diane Feinstein, Bernie Sanders… Read More

Meta and Fintech Chime to Reportedly Sue Alleged Phishing Scam Artists Operating in Nigeria

Mark Zuckerberg‘s Meta is teaming up Fintech Chime in order to go after (alleged) Nigerian scammers that the firms claim have been using social media channels to trick or deceive unsuspecting users out of their hard-earned cash. As reported by Newsweek, the lawsuit marks the… Read More

Silvergate Capital CEO Alan Lane Shares Company’s Plans after $200M Diem Acquisition

Alan Lane, CEO at Silvergate Capital (NYSE:SI), has noted that the bank holding company aims to introduce a stablecoin by the end of 2022.  The plan has been revealed after the firm’s recent acquisitions of assets and intellectual property (IP) from Meta’s (Facebook) (NASDAQ:FB) crypto project… Read More

Facebook Forms Financial Group, led by David Marcus, to Handle Digital Commerce and Payments Projects like Libra and Novi

Facebook Inc. (NASDAQ:FB), which currently has a market cap of around $750 billion, employs over 52,000 workers, and generated over $70 billion in revenue last year, has introduced a new group to focus on payments and digital commerce opportunities. David Marcus, the co-creator of the… Read More

WhatsApp Now Facilitating Payments in Brazil

Facebook’s WhatsApp messaging platform is now facilitating payments in Brazil, according to a post by Facebook founder Mark Zuckerberg. WhatsApp was acquired by Facebook (NASDAQ:FB) in 2014 for approximately $19.3 billion. WhatsApp is the world’s most popular messaging application with over 2 billion users worldwide…. Read More

Libra Association Establishes Five-Member “Technical Steering Committee” to Oversee Libra Payment System’s Development

The Libra Association has reportedly established a five-member “Technical Steering Committee” in order to manage the ongoing development of the controversial Facebook-led stablecoin and digital payments project. The five members include Diogo Monica, co-founder at Anchorage, George Cabrera III, core product lead at Calibra (the… Read More

As Libra Increasingly Falters, 47 States Join Facebook Anti-Trust Investigation

As Facebook tries desperately to keep its proposed in-app global currency project, Libra, afloat, New York Attorney General Letitia James has announced that attorneys general from 47 American states have joined a multistate antitrust investigation now scrutinizing Facebook: “After continued bipartisan conversations with attorneys general… Read More

Mark Zuckerberg Takes a Beating on the Hill While Launching Defense of Libra & Facebook’s Past Actions

Mark Zuckerberg, CEO of Facebook, spent over 6 hours today testifying in front of the powerful House Financial Services Committee. While his prepared remarks foreshadowed his defense of Facebook’s Libra stablecoin, little can prepare you for the onslaught of questions delivered by every single Committee… Read More

Here is Mark Zuckerberg’s Prepared Testimony for House Financial Services Committee Hearing

Mark Zuckerberg, the CEO of Facebook, will testify in front of the US House Financial Services Committee tomorrow in what will be a closely watched political event. Zuckerberg will be defending Facebook’s attempt to create a global non-sovereign cryptocurrency called Libra. The stablecoin has come… Read More

David Marcus: Libra Might Use Several Different Fiat-based Stablecoins Instead of a Single Token

Facebook is reportedly considering the use of national currency-pegged stablecoins for its upcoming Libra project. David Marcus, head of the Libra initiative for Facebook and CEO of Calibra, a company developing a wallet service for the social media firm’s cryptocurrency, stated that Libra might use… Read More

Terrifying: “The idea that global centralized monopolies like Facebook would also control money”

Facebook’s attempt to launch a global non-sovereign currency was doomed from the beginning for many reasons. While Facebook will continue to put a smiley face on Libra, in its current form, it is just not happening. And this is not just about Facebook’s penchant to… Read More

Abandoning Ship: eBay, Visa, Mastercard and Stripe Exit Facebook’s Libra Association [u]

Following in the footsteps of PayPal, which walked away from the Libra Association last Friday, eBay and Stripe have now departed the alliance. In an update, Law360 has confirmed that Mastercard and Visa have exited the Libra Association as well. “We highly respect the vision… Read More

Facebook’s Libra On Deck: Mark Zuckerberg to Testify Before House Financial Services Committee

Mark Zuckerberg, CEO of Facebook, is scheduled to testify in front of the House Financial Services Committee later this month in what is expected to be a thorough grilling regarding Facebook’s stablecoin Libra and Facebook’s operations in general. Congresswoman Maxine Waters (D-CA), Chairwoman of the… Read More

Facebook CEO Mark Zuckerberg Refuses to Commit to Libra’s Planned 2020 Launch

Facebook CEO Mark Zuckerberg has not committed to Libra’s planned launch next year. In an interview with Nikkei Asian Review on September 26, Zuckerberg was asked about the expected launch date of Facebook’s controversial Libra cryptocurrency. “Obviously we want to move forward at some point… Read More

Winklevoss Twins Want to Friend Facebook’s Libra Coin

Tyler and Cameron Winklevoss, who once famously sued Mark Zuckerberg alleging he stole the idea for Facebook from them, want to bury the hatchet once and for all and friend up with Libra, Facebook’s venture into crypto. There’s money to be made after all. The… Read More

Facebook Creates Dedicated Blockchain Team

The man who decoupled messaging from the main Facebook site, made it a discreet app customers had to download to phones (which mined even call data from customer phones), is leaving Facebook’s Messenger department to lead a blockchain working group within the company. David Marcus,… Read More

Supporters of Young Inventor Ahmed Mohamed Launch Crowdfunding Campaign Following Infamous Arrest

On Wednesday, 14-year-old Irving, Texas high school student Ahmed Mohamed received national and even international attention following his arrest for supposedly bringing a bomb to school. Teachers of Mohamed mistaken his latest invention, a clock, as a bombing device and immediately alerted local authorities. The teenager, who dreams… Read More

Facebook Messenger’s P2P Payments Feature Goes Live in NYC: Messenger App Already Available in Seattle, Portland and Austin

Now in the Big Apple, Facebook Messenger’s payments service has been tweaked to make it easier for friends to send money within conversations. Although launched in March, the P2P payments feature has so far only been available to Messenger app users in a few cities, including Seattle,… Read More

Hour of Code Continues to Rocket on Indiegogo as it Nears $4 Million in Funding

With 3o days left on the clock, An Hour of Code continues to rocket forward and is now the most funded campaign ever on Indiegogo.  Launched on October 8th, organizers set out to raise $5 million to give 100 million students through the world an opportunity… Read More

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