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Facebook’s decision on Oct. 28 to rebrand itself to Meta — to indicate its plans to build an avatar-filled metaverse — helped spark a speculative rally across cryptocurrencies that belong to similar virtual world projects.Decentraland, a virtual place with its own economy, currency (MANA) and social events — accessible to anyone with a
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Starting in the fourth quarter, Facebook said it will have a new reporting structure with two reportable segments: Family of Apps (FoA), which includes Facebook, Instagram, Messenger, WhatsApp and other services; and Facebook Reality Labs (FRL), which includes augmented and virtual reality related consumer hardware software and content. Source
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Pierre Omidyar, the eBay co-founder whose nonprofit groups started working with Haugen in October, was believed to be supporting the whistleblower financially full time. But Haugen told The Times that the only help she is soliciting came via nonprofits for travel and related expenses, according to the reporting. Original Source
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The Consumer Financial Protection Bureau has requested information about the payments products, plans and practices of Google, Amazon, Apple, Facebook, Square and PayPal.Oct 21, 2021 at 3:56 p.m. UTCUpdated Oct 21, 2021 at 3:56 p.m. UTCFacebook (Shutterstock) Original Source
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A group of U.S. senators has asked Facebook CEO Mark Zuckerberg to discontinue his company’s crypto wallet pilot and commit to not bringing the cryptocurrency Diem to market. “Facebook cannot be trusted to manage a payment system or digital currency when its existing ability to manage risks and keep consumers
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Five Senators have called for the immediate closure of Facebook’s new crypto wallet just hours after it was launched in partnership with Coinbase.Crypto skeptic Senator Elizabeth Warren was one of the five urging Facebook CEO Mark Zuckerberg to “immediately discontinue” the project. In a letter sent to Zuckerberg on Oct.
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Morgan Beller, former head of strategy at the Facebook subsidiary set up to develop the wallet for its cryptocurrency project, is set to join the Celo Foundation board.Oct 11, 2021 at 4:17 p.m. UTCUpdated Oct 11, 2021 at 5:12 p.m. UTCMorgan Beller (NFX) Source
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Kate Rouch will be joining major cryptocurrency exchange Coinbase after more than 11 years in various positions at Facebook. In a Thursday blog post, Coinbase chief operating officer Emilie Choi said the company had hired Rouch as its new chief marketing officer, responsible for overseeing the exchange’s global brand, as well
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Vitalik Buterin, creator of Ethereum commented through Bloomberg on Square and Facebook’s blockchain efforts. Recall that Jack Dorsey, CEO of Twitter and Square, revealed his plans for a DeFi platform based on Bitcoin in July. He said the platform would be a competitor to Ethereum. Reacting to Dorsey’s announcement, Buterin stated his
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The immediate reason for Facebook to make such big investments in AR and VR technologies is to help the company control its own hardware platform.Facebook is creating a product team to develop its ‘metaverse’ which will be headed by Vishal Shah, the executive in charge of product at Instagram.Facebook Inc
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