Facebook Financial News
18.03 / 08:33
business
Facebook
Scams
Australian
Australian competition regulator takes Meta to court over fake crypto ads
The Australian Competition and Consumer Commission (ACCC) is taking Meta Platforms, Inc. (formerly Facebook) to the Federal Court, alleging that the firm and its Irish branch engaged in “false, misleading or deceptive conduct” by publishing scam celebrity crypto ads.
16.03 / 17:51
Facebook
Digital
Platform
Zuckerberg Announces Instagram Will Incorporate NFTs
Facebook founder Mark Zuckerberg confirmed earlier reports that video and photo-sharing app Instagram plans to add non-fungible tokens (NFTs) to the platform. The Meta Platforms Inc. (FB) CEO told Shark Tank’s Daymon John at the South by Southwest conference in Austin, Texas, on Tuesday that the popular social media app plans to offer NFTs shortly.
16.03 / 13:09
Facebook
CEO
Platform
Mobile
Meta Ceo
Instagram to Welcome NFTs Feature, Meta CEO Mark Zuckerberg Confirms
Meta CEO Mark Zuckerberg said Meta will add the Non-Fungible Tokens (NFTs) function to its video and photo social app Instagram in the coming months so that users might display their NFTs on the platform.
16.03 / 05:15
business
Facebook
Libra
Blockchain
Diem team members raise $200M to launch blockchain derived from it
Former Meta employees and key players behind the firm’s defunc stablecoin project Diem have raised $200 million to expand a new project dubbed “Aptos.”
28.02 / 12:23
Facebook
Blockchain
cryptocurrency
cryptocurrency news
Riot
Crypto Billionaire, Pussy Riot Join Ukraine Crowdfunding Efforts
Donations are pouring in, even from a crypto-linked organisation, for Ukraine
26.02 / 13:21
Facebook
Booking
Platform
Are you on dating apps and invested in crypto? Here’s what you should know
A recent media report has shed light on crypto fraud that occurred last year on a dating platform. A 24-year-old Tennessee woman reportedly lost $390,000 when she started dating a person named Hao on Hinge.
23.02 / 10:01
22.02 / 14:01
Facebook
Social Media
privacy
Legal
Australian
Facebook Faces Legal Fight with Australian Billionaire over Crypto Scam Ads
Meta’s Facebook has filed legal documents in rejection of an action brought by the Australian billionaire Andrew “Twiggy” Forrest, the nation’s richest man. The latter claims the social media platform should be held liable for “reputation-damaging” crypto scam ads that made use of images of him.
18.02 / 15:35
Facebook
Blockchain
Adoption
Gaming
'Off the charts:’ Zynga blockchain exec praises P2E gaming talent
Hot off the news that the FarmVille and Words With Friends developer Zynga will release the first NFT game this year, Zynga’s blockchain gaming aspirations are taking shape.
16.02 / 20:29
15.02 / 23:13
Facebook
Digital
JPMorgan
JPMorgan opens metaverse lounge
With Facebook changing its name to Meta as Mark Zuckerberg bets bid on the Metaverse, JPMorgan's paper suggests that the "opportunities presented by interactive, digital worlds seem limitless".Says the paper: "The success of building and scaling in the metaverse is dependent on having a robust and flexible financial ecosystem that will allow users to seamlessly connect between the physical and virtual worlds.
11.02 / 18:23
Facebook
Blockchain
Adoption
Microsoft
Browser-based metaverse Portals aims to remove the need to get a VR headset
Metaverse startup Portals has raised fresh funds to finance its browser-based metaverse that allows people to enter without virtual reality (VR) equipment.
10.02 / 22:17
markets
Facebook
stocks
Bitcoin
Strong Bitcoin and stocks rally position bulls for victory in Friday’s $860M options expiry
Bitcoin (BTC) bulls have good reason to celebrate the 22% gain in the past week. The price is pushing toward $46,000 and to the surprise of many, the $43,000 level held steady despite the volatility caused by the United States inflation data released on Feb.10.
10.02 / 21:23
Facebook
NASDAQ
Stock indices
Bitcoin
As Bitcoin’s price dips along with Nasdaq, investors need to keep an eye on this correlation
Meta [formerly Facebook] took a hard hit when it lost more than $200 billion in value in a single day. If that wasn’t enough, the company’s Q4 report confirmed lower earnings per share than expected, as well as lower than estimated daily and monthly active users. To finish off the rampage, Facebook shares fell by more than 20%.
10.02 / 17:43
business
Facebook
Blockchain
Adoption
Crypto patent-sharing marks a step in democratizing knowledge ownership
One of the hallmarks of the crypto industry since its inception has been its commitment to open source development as well as its transparency-centric ethos. This is best made evident by the fact that many prominent projects operating within the digital asset sector and decentralized finance (DeFi) arena today have essentially been derived from other prominent projects such as Bitcoin Cash, SushiSwap and many others.
09.02 / 19:38
Facebook
VISA
PayPal
analysts
Facebook Stock Jumps as Analysts See Crypto Potential
Facebook, Inc. (FB) shares rose nearly 3% during Monday's session after analysts expressed optimism about its new cryptocurrency offering – Libra. The company will unveil a white paper on Tuesday related to the new cryptocurrency, which has already reportedly gained widespread support from industry partners and governments, including Visa Inc. (V), Mastercard Incorporated (MA), and PayPal Holdings, Inc. (PYPL). The value of the currency will reportedly be pegged to a basket of global currencies, including the dollar and euro.
09.02 / 19:37
Facebook
Digital
Bitcoin
Bitcoin Seen Rising to $10,000 As Volatility Recalls 2018 Meltdown
Bitcoin, the crypto world's highest-profile currency, has the potential to rise 18% to $10,000 after more than doubling thus far in 2019, according to one bull. Bitcoin will be buoyed by «excitement and momentum» as cryptocurrencies in general receive wider acceptance, including by major players like Facebook Inc. (FB) and Microsoft Corp. (MSFT), said Mike Novogratz, chief executive officer of Galaxy Digital Holdings Ltd, according to a recent story in Bloomberg. Bitcoin is the largest cryptocurrency by market cap.
09.02 / 19:37
Facebook
Blockchain
Ethereum
Threat
Why Blockchain's Biggest Threat May Be Facebook
Blockchain technology, now used by mainstream companies worldwide, such as JPMorgan Chase & Co. (JPM) and Toyota Motor Corp. (TM), to run parts of their operations, faces a major threat. According to several critics, including one of the respected leaders in the computer science world, Mihai Alisie, co-founder of Ethereum, the blockchain of choice for most business and finance projects, Facebook Inc.’s (FB) foray into the cryptocurrency space is bad news for technology.
09.02 / 16:53
Facebook
Platform
Blue Whale dumped Meta before its crash. What did it buy instead?
Facebook parent Meta Platforms was probably the least-loved megacap tech stock before its slide over its weak first-quarter outlook. But its sheer size meant it was a widely owned holding — according to FactSet, 1,560 funds that have filed 13-F reports for the period ending 31 December held the stock.
08.02 / 21:05
Facebook
Kyiv
Northern Ireland: Police accused of colluding with pro-British militants during Troubles
Northern Irish police colluded with pro-British paramilitary groups during violence in the 1990s, a police ombudsman has said.
07.02 / 16:51
Facebook
Death
Sexual assault
Morocco set to bury boy, 5, who died after falling down deep well
Morocco will today bury the boy who was found dead after being trapped down a deep well for five days.
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