Internet Technology : Facebook: Mark Zuckerberg's Russia Problems is Bigger than Facebook

[Clyde C Coger Jr]

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Mark Zuckerberg's ambitions for a Facebook cryptocurrency are officially over. A crypto bank that snapped up its 'Diem' project now plans to issue a stablecoin of its own this year​

Mark Zuckerberg's ambitions for a Facebook cryptocurrency are officially over. A crypto bank that snapped up its 'Diem' project now plans to issue a stablecoin of its own this year.

Silvergate said the assets it bought from Diem include development, deployment, and operation tools to run a blockchain-based payment network.

finance.yahoo.com

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Shalini Nagarajan



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[Clyde C Coger Jr]

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Meta just suffered the largest one-day wipeout in US corporate history. Its valuation slumped by nearly $240 billion​

Meta just suffered the largest one-day wipeout in US corporate history. Its valuation slumped by nearly $240 billion.

In its fourth-quarter earnings Wednesday, Meta said Facebook user numbers were down for the first time, as its metaverse business lost $10 billion.

finance.yahoo.com

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Isobel Asher Hamilton

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[Clyde C Coger Jr]

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5 reasons why 'Facebook's hands are tied,' according to the founder of an app acquired by the tech giant​

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5 reasons why 'Facebook's hands are tied,' according to the founder of an app acquired by the tech giant

The founder said Meta is plagued by antitrust scorn, Apple's ad targeting block, and the metaverse — upon which it's betting big — not existing yet.

finance.yahoo.com

Meta has fielded brutal criticism from lawmakers and activists in recent years over what critics say is its abuse of market dominance. Its peers, like Google and Apple, have been thrown in the ring as well, but Meta specifically has been everyone's punching bag — and its reputation has taken a hit.

Katie Canales​

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