Swedish mapping start-up Mapillary has been acquired by Facebook for an undisclosed sum.
— Read on www.cnbc.com/2020/06/19/facebook-buys-mapillary.html
Tag: Facebook
Could Facebook be taken private? Zuck’s $52 billion cash problem
Facebook has $52 billion in cash on its balance sheet, but with intense antitrust scrutiny of the social media giant’s big acquisitions like Instagram, the political climate makes it hard for Mark Zuckerberg to broker big deals. Could the money be used to take Facebook private?
— Read on www.cnbc.com/2019/12/03/facebooks-52-billion-problem-all-that-cash-and-no-place-to-spend-it.html
Facebook’s David Marcus: Libra could use currency-pegged stablecoins
Facebook’s David Marcus says Libra could use “a series of stablecoins” pegged to currencies like the dollar, the euro and sterling.
— Read on www.cnbc.com/2019/10/21/facebooks-david-marcus-libra-could-use-currency-pegged-stablecoins.html
The Big Five: Largest Acquisitions by Tech Company
The ‘Big Five’ tech companies are rapidly reshaping the global tech landscape with their acquisitions, devouring any competitor who gets in their way.
— Read on www.visualcapitalist.com/the-big-five-largest-acquisitions-by-tech-company/
EBay, Visa, Mastercard, Stripe abandon Facebook’s libra cryptocurrency
The news comes one week after PayPal announced its withdrawal as government regulators continue to scrutinize the plans.
— Read on www.cnbc.com/2019/10/11/ebay-drops-out-of-facebook-libra-cryptocurrency-one-week-after-paypal.html
Mark Zuckerberg struggles to keep Libra alive – BNN Bloomberg
Mark Zuckerberg struggles to keep Libra alive – BNN Bloomberg
— Read on www.bnnbloomberg.ca/mark-zuckerberg-struggles-to-keep-libra-alive-1.1318035
Facebook Sees Libra Tied to Dollar, Euro, Yen But Maybe Not Yuan
(Bloomberg) — Facebook Inc. told U.S. senators that the initial basket of currencies that will back its Libra cryptocurrency will likely include the U.S. dollar, euro, yen, British pound and Singapore dollar.The list responds to concerns from Virginia Democratic Senator Mark Warner that China may push
— Read on ca.finance.yahoo.com/news/facebook-sees-libra-tied-dollar-213339030.html
Facebook’s Libra coin likely to run a regulatory gauntlet – Reuters
Facebook Inc will face unprecedented regulatory scrutiny over a new digital currency that the social media company hopes will become globally recognized legal tender within a year.
— Read on www.reuters.com/article/us-facebook-crypto-regulation/facebooks-libra-coin-likely-to-run-a-regulatory-gauntlet-idUSKCN1TT30A
6 things we’re still wondering about Libra, Facebook’s new cryptocurrency coming in 2020
Libra, a new cryptocurrency created in part by Facebook, isn’t launching until 2020, and there are still a few unanswered questions.
— Read on www.msn.com/en-ca/money/topstories/6-things-were-still-wondering-about-libra-facebooks-new-cryptocurrency-coming-in-2020/ss-AAD9Atu
Facebook called before Senate panel over digital currency project – Reuters
Facebook Inc’s plans to create a global cryptocurrency will face scrutiny from the U.S. Senate Banking Committee on July 16, the latest sign that policymakers around the globe are casting a wary eye on the project.
— Read on www.reuters.com/article/us-facebook-crypto-senate/facebook-called-before-senate-panel-over-digital-currency-project-idUSKCN1TK2SX