Tagged: mark zuckerberg

October 23, 2026 @ 1:32 am By Omar Faridi  |  

Meta Platforms (NASDAQ: META) is restructuring its capital base to sustain heavy spending on artificial intelligence while protecting the voting control of CEO Mark Zuckerberg. During its third-quarter earnings call on Wednesday, the parent company of Facebook and Instagram disclosed plans for a new class… Read More

March 14, 2023 @ 9:41 am By JD Alois  |  

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

September 13, 2022 @ 8:27 am By JD Alois  |  

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

February 10, 2022 @ 9:15 am By Omar Faridi  |  

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

February 1, 2022 @ 9:06 am By Omar Faridi  |  

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

August 11, 2020 @ 9:42 am By Omar Faridi  |  

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

June 15, 2020 @ 12:06 pm By JD Alois  |  

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

January 20, 2020 @ 11:37 pm By Omar Faridi  |  

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

October 24, 2019 @ 6:14 pm By Cali Haan  |  

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

October 23, 2019 @ 8:31 pm By JD Alois  |  

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

October 22, 2019 @ 2:15 pm By JD Alois  |  

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

October 21, 2019 @ 7:43 am By Omar Faridi  |  

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

October 14, 2019 @ 5:00 am By JD Alois  |  

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

October 11, 2019 @ 4:21 pm By Cali Haan  |  

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

October 9, 2019 @ 3:09 pm By JD Alois  |  

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

September 26, 2019 @ 2:57 pm By Omar Faridi  |  

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

July 11, 2019 @ 10:49 am By Cali Haan  |  

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

May 9, 2018 @ 7:25 pm By Cali Haan  |  

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

September 19, 2015 @ 11:51 am By Samantha Hurst  |  

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

May 28, 2015 @ 11:06 am By Erin Hobey  |  

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