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Libra Association Launched By Facebook, Inc. (NASDAQ:FB) Elects A Five Member Board Of Directors On Its First Meeting

Despite the exit of prominent payment processors, Libra Association launched by Facebook, Inc. (NASDAQ:FB) conducted its first meeting on Monday in Geneva. It has the support of 21 members that include Venture Capital Firms, Vodafone, Spotify, Lyft, and Uber. Facebook moves ahead with creating Libra Shrugging off the criticism from US politicians and regulators and […]

Major Payment Processors – MasterCard, Visa, Stripe, And eBay Quits Libra Project, A Setback For Facebook, Inc. (NASDAQ:FB)

A week after Paypal Holdings Inc (NASDAQ:PYPL) quits the Libra Project of Facebook, Inc. (NASDAQ:FB), MasterCard, Visa, Stripe, and eBay followed suit. It is a setback for the ambitions of Facebook to introduce a private global currency to facilitate cross border payments. A 28-member organization crumbles The decision of the major payment processors to withdraw […]

Facebook, Inc. (NASDAQ:FB) CEO`s Comments Casts A Dark Shadow On Its Apps: Zuckerberg Underestimates Tik Tok

In leaked audio from an internal meeting held with employees in July 2019, Mark Zuckerberg, Chief Executive Officer of Facebook, Inc. (NASDAQ:FB), said it is just like an explore Tab on Instagram when describing the Tik Tok. He possibly misunderstood the impact of Tik Tok, and his talk casts a dark shadow on the future […]

The Entry Of Apple Inc. (NASDAQ:AAPL) And Facebook, Inc. (NASDAQ:FB) Into Finance Forces Big Banks To Seek The Help Of Young Rivals

With the entry of tech giants – Apple Inc. (NASDAQ:AAPL), and Facebook, Inc. (NASDAQ:FB) into the finance industry, the big banks are teaming up with younger rivals to stay afloat. To move in tandem with the changing times, several big banks are either buying start-up competitors outright or teaming up with them. It helps them […]

Facebook, Inc. (NASDAQ:FB) Suspends 64,000 Apps From 400 Developers On Inappropriate Sharing Of Data

Facebook, Inc. (NASDAQ:FB) announced the suspension of several apps from 400 developers over a year on privacy concerns. According to the blog post released on Friday, Facebook said it banned the apps that indulge inappropriate sharing of data of users without their consent. It is a clear violation of the Facebook policies, and as a […]

Facebook Inc. (NASDAQ:FB) To Pay $3 Million For News Headlines On New News Tab

For years, Facebook Inc. (NASDAQ:FB) has refuted claims that it is expanding its footprint into the media business.  Going by things on the ground, things could be different. The giant networking company is in the process of launching a new news tab that will focusing purely on trustworthy news only. The new news tab will […]

Facebook Inc. (NASDAQ:FB) Introduces Facial Recognition Feature That Scans Photo Uploads

Facebook Inc. (NASDAQ:FB) has announced that it will be launching a facial recognition setting for users. For new users, the feature will be off by default. Current users without the setting will receive a notification on whether they wish to turn it on. Facial Recognition to replace tag suggestions The Face Recognition setting has been […]

Facebook, Inc (NASDAQ:FB) Starts RollOut Of Its Clear History Tool In Three Countries

The developer conference that Facebook, Inc (NASDAQ:FB) held last year witnessed CEO, Mark Zuckerberg, make an important announcement. According to the executive, the social media leader would provide users with the opportunity to clear their history at will. The users of the platform had to wait for months before this rollout. Facebook will start its […]

Facebook, Inc (NASDAQ:FB) Selected Human Contractors To Review Its Messenger App Audio

Facebook, Inc (NASDAQ:FB) has admitted that it used human contractors played a part in its review of the user recordings. However, it disclosed that it had stopped employing human contractors for the review process. This has been ongoing for quite some time without the knowledge of the platform users. These human contractors would review and […]

Facebook Inc. (NASDAQ:FB) Ordered Pay A $5 Billion Privacy Settlement

Facebook Inc. (NASDAQ:FB) will be required to pay a record $5 billion according to a privacy settlement  approved by the US Federal trade commission to resolve the investigation on the data scandal involving Cambridge Analytica. Facebook $5 billion penalty largest in history of FTC The social media giant has been under investigation on how it […]

Facebook’s Libra Prompts Important Discussion in Crypto

Money has moved over the years from cash to credit card to digital currency beginning with the Nixon Administration removing the US Dollar from the Gold Standard in the 1970s, and allow global currencies to free float against one another, but the emergence of Bitcoin gained real traction when the housing market crashed in 2008. […]

Facebook, Inc. (NASDAQ:FB) To Face Competition Probe

The Federal Trade Commission reported that it is exercising its right to perform a competition probe on the social media juggernaut Facebook, Inc. (NASDAQ:FB). This update was taken negatively by the market, dragging down the company’s stock deep in the red. Social media firms have been facing an increasing backlash and mark another measure by the […]

SPYR Inc (OTCMKTS:SPYR) Secures Access to Massive New Exposure Conduit

SPYR Inc (OTCMKTS:SPYR) is a micro-cap player in the digital gaming and app space that recently put out an update on its plans and objectives for the year of 2017. We were impressed and wanted to update the narrative given the company’s recent moves. Most importantly, the company just announced that its flagship game, Pocket […]

Media Giants Partnered With Giants Like Facebook Inc (NASDAQ:FB) Are Not Achieving The Results That Was Promised

It is well-known that large media corporations have partnered up with social-media giants such as Facebook Inc. (NADAQ:FB), and Snapchat is not achieving the lucrative results, which seemed promising upon the initial partnership agreement. These partnerships between news entities and social media giants are namely performed due to the concern of loss-of-revenue. This is because […]

Facebook Inc (NASDAQ:FB) to Face Group Lawsuits Over IPO

Facebook Inc (NASDAQ:FB) will have to face group lawsuits over IPO alleging that the social networking company purposely inflated the price of its shares before their flotation in the market in 2012. The company has action lawsuits filed by two shareholders individually which was clubbed into one group when the federal judge told them to […]

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