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Betting Odds For Next Twitter CEO: Here's Who Is Favored To Replace Elon Musk
Friday, December 23, 2022 - 10:48am | 1058One of the biggest news stories of 2022 was Elon Musk acquiring social media platform Twitter. One of the biggest news stories of 2023 could be who becomes the next Twitter CEO. Here’s a look at how some betting odds for the position and some hypothetical odds are shaping up. What Happened:...
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PayPal Stock Flushes Lower Following Acceptable Use Policy Update, Widespread Backlash: What's Happening?
Monday, October 10, 2022 - 4:27pm | 526PayPal Holdings, Inc (NASDAQ: PYPL) gapped down and lost 6.27% in Monday's session after the financial technology company walked back a change it published to its acceptable use policy (AUP), which would have allowed PayPal to debit users $2,500 for spreading “misinformation.”...
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Former Facebook Crypto Chief Launches Bitcoin Payments Company
Friday, May 13, 2022 - 6:31am | 352David Marcus, the former head of Meta Platforms Inc-owned (NASDAQ: FB) Facebook's crypto project Diem, has launched a Bitcoin (CRYPTO: BTC) payments startup. What Happened: Marcus and a few ex-Meta crypto team members have started a new venture, according to a report from TechCrunch...
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Facebook Eases Ban On Cryptocurrency Advertisements Amid Metaverse Push
Thursday, December 2, 2021 - 3:49am | 449Facebook Inc. (NASDAQ: FB) has eased a ban on advertisements promoting Bitcoin (CRYPTO: BTC) and other cryptocurrencies on its platform. What Happened: Facebook, which recently rebranded as Meta Platforms Inc. to highlights its vision of betting big on the metaverse, said it is expanding the number...
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Key Facebook Executive Behind Digital Currency And Wallet Project To Depart Company This Month
Tuesday, November 30, 2021 - 10:39pm | 633David Marcus, the co-creator of Facebook Inc’s (NASDAQ: FB) digital currency project Diem, is leaving the company at the end of December. What Happened: Marcus, who led Facebook’s cryptocurrency wallet project Novi, announced the decision to leave the company — rebranding as...
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Facebook Pilots Novi Crypto Wallet With Coinbase, But Senators Urge Zuckerberg To 'Immediately Discontinue'
Wednesday, October 20, 2021 - 10:23am | 529Social media giant Facebook, Inc. (NASDAQ: FB) has launched a pilot of its Novi crypto wallet in the U.S. and Guatemala but is already facing strong opposition from five Democratic U.S. senators. What Happened: David Marcus, head of Facebook Financial, announced the Novi pilot program on...
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Facebook Forms New Group To Rationalize Payments Across Apps
Monday, August 10, 2020 - 11:13pm | 413Facebook Inc (NASDAQ: FB) has formed a new group, led by the co-creator of the company's Libra cryptocurrency project, David Marcus, to streamline its payments operations across app offerings, Bloomberg reported Monday. What Happened The group, dubbed "...
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Facebook Open To Changes To Libra Vision Ahead Of June 2020 Launch
Monday, October 21, 2019 - 12:58pm | 425Social media company Facebook, Inc. (NASDAQ: FB) is proceeding with its Libra initiative, but the initial vision of a single, synthetic digital currency could change, Reuters reported Sunday. What Happened Facebook's Libra digital currency project could consist of multiple...
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A Facebook Cryptocurrency? Company Acknowledges Exploration Of Blockchain Technology
Friday, May 11, 2018 - 4:23pm | 436Facebook, Inc. (NASDAQ: FB) declined to comment Friday on reports the social media platform is considering a cryptocurrency to enable electronic payments. “Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology,” a Facebook spokesperson said...
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Facebook's Head Of Messaging Talks Monetization
Thursday, October 19, 2017 - 1:45pm | 552David Marcus, Facebook Inc (NASDAQ: FB)'s head of messaging, joined the company after serving as president of Paypal Holdings Inc (NASDAQ: PYPL). In an interview with Bloomberg's Emily Chang, he reiterated Facebook's policy of not disclosing revenue by specific products but he could confirm that...
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Facebook Messenger Just Added End-To-End Encryption
Friday, July 8, 2016 - 1:25pm | 195According to Tech Crunch, Facebook Inc (NASDAQ: FB) started offering end-to-end encryption to its Facebook Messenger users, allowing users to secure their chats. This feature, called "secret conversations" will be offered to a limited test group on Friday. Related Link: Google Buys Video...
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Axiom Offers 'Thoughts On China, Messenger Payments,' As Relates To Facebook
Friday, March 20, 2015 - 12:13pm | 306In a report published Thursday, Axiom analyst Victor Anthony argued that Facebook Inc's (NASDAQ: FB) entry into China is a matter of when, not if. However, the analyst believes that entry into the world's most populous nation with the world's most Internet users is a longer-term...
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Morgan Stanley: Facebook Payments May Help Visa & Mastercard Investors More
Wednesday, March 18, 2015 - 9:58am | 315In a report published Wednesday, Morgan Stanley analyst Smittipon Srethapramote commented on Facebook Inc's (NASDAQ: FB) person-to-person payments service on Messenger that allows users to send money to each other using debit cards. "We view this as an incremental positive for the...
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Bank Innovation: PayPal Won't Be A Partner In Apple Inc. Pay
Wednesday, October 1, 2014 - 10:18am | 273According to Bank Innovation, a popular blog featuring banking news, Apple Inc. (NASDAQ: AAPL) and eBay Inc (NASDAQ: EBAY) were previously in talks for PayPal to be a preferred payment process for Apple Pay. As a leader in the payments industry, PayPal was a prime candidate to play a role in...
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Market Wrap For June 10: Stocks Showed Little Change On Light Volume
Tuesday, June 10, 2014 - 4:41pm | 2151U.S. stocks were mostly unchanged on a catalyst-light day characterized by low volume. The SPDR S&P 500 ETF (NYSE: SPY) has a three-month daily average volume of over 101 million only traded hands 47.8 million times on Tuesday. With little economic or market moving catalysts due in the...