2020 Election Business News facebook Mark Zuckerberg Market News Politics Spotify 

Facebook, Google Rake in Election Ad Spending While Twitter, Spotify Say No

Presidential candidates have already spent more than $105 million on digital ads. Facebook and Google are getting most of the dough. Spotify just joined Twitter in rejecting these election ads outright. With billionaires like Tom Steyer and Michael Bloomberg splashing their cash around, the airwaves have been filled with 2020 presidential election ads. The political ads have invaded cyberspace too; by mid-November, the presidential candidates had already purchased more than $100 million in online ads. But going forward, you’ll be able to find respite from the noise on Spotify (NYSE:SPOT)….

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bill gates Business News Donald Trump Mark Zuckerberg 

A Decade of Unicorn IPOs and Billionaire Power

The 2010s was the decade of the unicorn startup and the billionaire. The number of billionaires more than tripled. One became president. Here are some of the biggest names over the last ten years – and how these billionaires used their money to remake the world. Plus a look at the unicorns of the decade, privately held companies worth a billion dollars or more. Billionaire Club Boomed Over the Last Decade The number of billionaires in the world exploded more than threefold in the 2010s. At the start of the…

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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 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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amazon Cryptocurrency News Jeff Bezos Libra Mark Zuckerberg 

Jeff Bezos Could Do a Better Job with Libra: ‘Bitcoin Billionaires’ Author

The writing is on the wall that Mark Zuckerberg has completely botched the planned Libra rollout. Even if the digital currency ever sees the light of day, it’s not likely to be within Facebook’s own timetable of 2020. And the coin already has a stigma attached to it thanks to the shellacking that Congress gave David Marcus, Zuckerberg’s wingman. Ben Mezrich, the author of “Bitcoin Billionaires,” believes that Libra would have had a much better shot if Facebook wasn’t at the wheel, telling CNBC; “I think that Amazon could pull…

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Cryptocurrency News germany Libra Mark Zuckerberg U.S. Business News 

Germany’s Finance Chief Joins Slew of Financial Leaders Scoffing at Libra

Germany joined the chorus of countries offering stiff resistance to Libra, Facebook’s new digital coin. German Finance Minister, Olaf Scholz, expressed concerns about the coin’s consumer privacy issues and potential for disruption. Reuter’s released a report which quoted him saying,  “The issuance of a currency does not belong in the hands of a private company because this is a core element of state sovereignty.” “The euro is and remains the only legal means of payment in the euro area.” Germany Is Not the Only Country Reluctant on Libra The quote…

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Cryptocurrency News facebook Mark Zuckerberg Op-ed paypal U.S. Business News visa 

Remember MySpace? Underestimate Facebook Crypto at Your Own Peril

By CCN Markets: When it comes to what’s gone wrong with Big Tech, the only surprise you would expect is if Facebook was missing from the list. From data privacy violations to aiding genocide to enhancing the spread of fake news, the social media giant has become a global ignominy. But for Facebook, those are trivial inconveniences, and the social media giant is now eyeing the financial services niche. The $0.5 trillion company has already confirmed plans to launch a cryptocurrency known as Libra and has reportedly invited Visa, Mastercard,…

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Bitcoin Exchange Cameron and Tyler Winklevoss Crypto facebook Mark Zuckerberg U.S. Business News 

It’s Water Under the Bridge as Zuckerberg & Winklevii Talk Crypto: Report

By CCN: Mark Zuckerberg has been collaborating with his old rivals, the Winklevoss twins, to launch a digital currency that can be used across Facebook, WhatsApp, Instagram and beyond, according to a report in the Financial Times. Facebook’s cryptocurrency, reportedly dubbed GlobalCoin, is expected to make its debut next year. The FT reports that Facebook is talking to crypto exchanges including Gemini, which was founded by Tyler and Cameron Winklevoss, in addition to Coinbase. The concept is that users of Facebook’s payment crypto would have the option to potentially hold…

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Crypto facebook Mark Zuckerberg U.S. Business News 

Facebook Hunts E-Commerce, Payment Partners for Crypto Push: Report

By CCN: The crypto community hasn’t scared Mark Zuckerberg away from his cryptocurrency ambitions, at least not yet. New details have emerged in a Wall Street Journal report indicating that Mark Zuckerberg’s company is actively looking to ink deals to back its cryptocurrency payments ecosystem. Facebook is reportedly in discussions with “dozens of financial firms and online merchants” to support the unveiling of its blockchain-based payments network. Facebook is looking to lasso $1 billion for its new cryptocurrency and has been in talks with some major players. Facebook Building Cryptocurrency-Based…

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Facebook stock FB Mark Zuckerberg U.S. Business News U.S. Market News 

Facebook’s Stock Defies Gravity Despite Looming $5 Billion FTC Probe

By CCN: Facebook’s stock ran up 7.5% in after-hours trading to $196 after Q1 earnings painted a seemingly rosy growth picture. Revenue exploded by $3.1 billion to $15.08 billion, which exceeded estimates. Facebook CEO Mark Zuckerberg, however, revealed that the FTC’s investigation into the company for privacy problems will be painful on the expense line, saying: “In the first quarter of 2019, we reasonably estimated a probable loss and recorded an accrual of $3.0 billion in connection with the inquiry of the FTC into our platform and user data practices, which…

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