bernie sanders Business News facebook Mark Zuckerberg Politics 

Zuckerberg Practically Begs Bernie to Smack Him With $5 Billion Tax

Facebook CEO Mark Zuckerberg would pay more than $5 billion in wealth tax during the first year of a Bernie Sanders presidency. But the social media boss claims he wouldn’t mind the 8% hit to his net worth. Mark Zuckerberg: ‘No one deserves to have that much money’ In a live-streamed Q&A session, the Facebook billionaire eagerly affirmed Sanders’ bold claim that the 0.1% of wealthiest Americans hold obscene amounts of wealth. However, Zuckerberg declined to say what constituted the maximum wealth that an individual should be allowed to have,…

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facebook Op-ed U.S. Market News 

Why FB Stock Is Poised for a 25% Rally

Facebook stock suffered a devastating investor exodus last year, but FB shares held the line and are now poised for a 25% surge. | Source: REUTERS / Dado Ruvic By CCN Markets: Facebook (FB) stock suffered a devastating 2018 amidst controversies that led to a mass investor exodus. In one particularly painful trading session, Facebook rewrote the history books with a $126 billion plunge. The social media giant weathered the storm, and FB shares are up almost 38 percent this year amid a broad stock market recovery. And as major…

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facebook Libra Mark Zuckerberg Op-ed U.S. Business News 

Facebook Contractor Spies on Horrified Moderators. When Does It End?

A Facebook partner is spying on its own traumtized content moderators, giving us even more reasons to distrust Mark Zuckerberg’s company. | Source: AFP PHOTO / Brendan Smialowski Facebook released a video last year apologizing for its data misuse that likely swayed the 2016 election. It ends by saying “if this place does what it was built for, we all get a little closer.” That is the problem, Facebook. It’s time to back off. The Intercept just released an exposé detailing how managers at the Austin, Texas outpost have been…

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Cryptocurrency News facebook Libra Op-ed U.S. Business News 

Did Facebook’s Libra Plans Just Go Up in Smoke?

Facebook reveals that it has been transcribing user audio chats without disclosing that fact, raising even more questions about privacy. | Source: REUTERS/Leah Millis/File Photo By CCN Markets: As if Facebook didn’t have enough privacy issues, the company now confirms that it has been transcribing the audio chats of its users for quite some time. Facebook Claims It Wasn’t Being Sneaky Facebook claims that the only conversations that were transcribed were from those users who selected that option in the Messenger app. Facebook also claims that it was on for…

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Bitcoin Regulation Cryptocurrency News facebook Guest Contributor Libra Op-ed Uber 

Facebook, Libra & the Thrilling Rise of the Branded Cryptocurrency

The rise of Facebook’s Libra project ushers in a new era for fintech and heralds the rise of the “branded cryptocurrency.” | Source: Shutterstock It was hard not to feel compassion for Libra chief David Marcus, watching him deal with angry questioning in Congress two weeks ago. The level of distrust in Facebook has reached new highs – some of the Congressmen and Senators replaced questions with blunt criticism aimed at Marcus and the big blue company. Even Marcus, it felt, must have been surprised by the sheer cacophony of…

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Cryptocurrency News facebook Libra Op-ed U.S. Business News walmart 

Walmart Just Might Reshape Crypto Forever

Facebook & Libra are old news. Walmart’s surprise crypto patent could reshape the industry forever if it ever actually launches. | Source: Shutterstock. Image Edited by CCN. Like as not, you’ve heard the news: Walmart has laid the groundwork to create its own “cryptocurrency.” The move to patent a blockchain-based stablecoin variant generates speculation. Is Walmart trying to compete with Facebook Libra? Will CEO Doug McMillon be hauled in before legislators to defend his company’s right to innovate? Will the token ever actually launch at all? Too early to tell….

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Cryptocurrency News facebook Libra Lou Kerner U.S. Business News 

Facebook Is Dying and Libra Is Dead on Arrival

Ask not for whom the bell tolls, Facebook. It tolls for thee, says bitcoin bull Lou Kerner. The crypto investor says Facebook is on its last legs, and even its over-hyped stablecoin project, Libra, can’t save it. Kerner made the ominous predictions in a Medium blog post, where he rebuked Wall Street for being blind to Facebook’s obvious deterioration because of the investment community’s misguided focus on revenues. Lou Kerner: Facebook’s user engagement is tumbling According to Kerner, the most important metric that analysts should focus on is Facebook’s year-over-year…

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anthony pompliano Bitcoin Analysis Bitcoin price Bitcoin Price News Cryptocurrency News facebook 

Bitcoin Price Will Hit $100,000 by 2021 Thanks to Facebook: Fund Manager

Bitcoin is rallying once again after suffering a small stutter in the final week of June. The price of the flagship cryptocurrency is hovering around the $13,000 mark once again, and not surprisingly, the bulls are out in full force with their big bitcoin price predictions. Bitcoin permabull Anthony Pompliano told Yahoo! Finance’s The Ticker in an interview that the price of the crypto asset could “eclipse” the $100,000 barrier by 2021. Highlight: “By the end of 2021, we’ll see [bitcoin] eclipse a $100,000,” says @APompliano. Says $20,000 is the…

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facebook Instagram U.S. Business News 

Instagram to Use AI to Censor Mean Comments

Instagram will soon trial a new AI-powered system for dealing with online bullying and abuse. Currently, the Facebook-owned social media platform uses a conventional human-dependent system for dealing with this issue that relies on users flagging and reporting comments as spam, abuse, or hate speech. On Monday, however, Instagram Head Adam Mosseri reportedly revealed that the company has started testing a new feature that uses AI to notify users if a comment they just posted is offensive. Even more ominously, Mosseri also revealed that the platform will shortly begin trialing…

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facebook Libra U.S. Business News WhatsApp 

Facebook’s Social Media Platforms Crash. Will Libra Be Different?

A few hours ago, the internet’s top social networks suffered a crash that kept users from sharing photos, videos, and similar files. Almost simultaneously, Facebook, Whatsapp, and Instagram suffered the same malfunction causing, as expected, a big nuisance among netizens, who rushed to position the tags #Instagramdown, #facebookdown, and #whatsappdown on Twitter. This is Twitter users when Facebook, Instagram, WhatsApp is Down #instagramdown #WhatsAppDown #facebookdown — Stranger follower (@StrangerBukhari) July 3, 2019 And although many took the opportunity to joke about the superiority of Twitter – the only fully…

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