Crypto facebook FinTech News Mark Zuckerberg Project Libra Stablecoins switzerland 

Facebook Unexpectedly Plants Its Flag in Crypto-Friendly Switzerland

By CCN: Facebook has reportedly set up a fintech company dubbed Libra Networks in Switzerland. The move clearly correlates with the social media giant’s Project Libra. According to Reuters, the focus of the fintech is on the blockchain, payments, data analytics, and investing. Libra Networks, which was registered in Geneva on May 2, will provide financial and technology services. Also in its wheelhouse will be developing related hardware and software. Another Secret Move Famed investor Michael Novogratz recently called Project Libra “stunningly important” to the crypto space. Given Facebook’s history…

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Crypto facebook Mark Zuckerberg U.S. Business News 

Facebook Hunts E-Commerce, Payment Partners for Crypto Push: Report

By CCN: The crypto community hasn’t scared Mark Zuckerberg away from his cryptocurrency ambitions, at least not yet. New details have emerged in a Wall Street Journal report indicating that Mark Zuckerberg’s company is actively looking to ink deals to back its cryptocurrency payments ecosystem. Facebook is reportedly in discussions with “dozens of financial firms and online merchants” to support the unveiling of its blockchain-based payments network. Facebook is looking to lasso $1 billion for its new cryptocurrency and has been in talks with some major players. Facebook Building Cryptocurrency-Based…

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bitcoin Bitcoin Services BNB Crypto facebook Mark Zuckerberg 

Facebook Awkwardly Blocks Aussie Restaurant from Bitcoin Payments Ad

By CCN: Origin Kebabs just wanted to let its followers know that four of its Queensland stores now accept bitcoin as a form of payment. Facebook wasn’t having it and blocked the Aussie restaurant from advertising on the social media platform. Someone might want to tell Mark Zuckerberg before he launches his own FaceCoin or they could find themselves in an awkward spot. Origin Kebabs posted: “So we tried to boost our “now we accept bitcoins” post and this is what FB has to say about it.” They pointed to…

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Facebook stock FB Mark Zuckerberg U.S. Business News U.S. Market News 

Facebook’s Stock Defies Gravity Despite Looming $5 Billion FTC Probe

By CCN: Facebook’s stock ran up 7.5% in after-hours trading to $196 after Q1 earnings painted a seemingly rosy growth picture. Revenue exploded by $3.1 billion to $15.08 billion, which exceeded estimates. Facebook CEO Mark Zuckerberg, however, revealed that the FTC’s investigation into the company for privacy problems will be painful on the expense line, saying: “In the first quarter of 2019, we reasonably estimated a probable loss and recorded an accrual of $3.0 billion in connection with the inquiry of the FTC into our platform and user data practices, which…

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facebook Mark Zuckerberg U.S. Business News 

Shareholders Want ‘Dictator’ Zuck Out as Chair, Facebook Defends Him

Get Exclusive Analysis and Investing Ideas of Future Assets on Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. By CCN: Facebook shareholders want Mark Zuckerberg to step down as chairman, saying he runs the social media monopoly “essentially as a dictatorship.” Investors also slammed the tech juggernaut for…

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facebook Headlines Mark Zuckerberg U.S. Business News U.S. Market News 

Facebook’s Catastrophic Blackout Could Cost $90 Million in Lost Revenue

Facebook suffered its worst-ever outage on Wednesday 13th March. The downtime, which also hit related products Instagram, Messenger and WhatsApp, lasted for at least 14 hours. The blackout hit millions of users across the globe and caused Facebook stock to tumble 2 percent in after-hours trading. Every minute that Facebook is offline costs an enormous amount of money. By extrapolating from the company’s 2018 revenue figures, we can estimate that yesterday’s blackout could cost Facebook up to $90 million in lost revenue. We’re aware that some people are currently having…

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