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“# Zuck got PUNKed — new Metaverse-linked ETF shorts Meta shares in holdings ” An exchange-traded fund linked to companies involved with the Metaverse launched on the Cboe BZX Exchange — shorting shares of Facebook’s parent company, Meta. The Subversive Metaverse ETF, listed under the ticker PUNK, opened for trading at $25.15 on Thursday. The…
“# Zuckerberg’s Diem reportedly weighing sale after stablecoin plans falter ” Meta-backed crypto initiative “Diem” is reportedly trying to sell its assets, seemingly calling time on Facebook founder Mark Zuckerberg’s grand ambitions for a stablecoin to act as the internet’s currency. Diem — which was previously known as Libra — is Meta Platform’s cryptocurrency initiative….
“#Mark Zuckerberg defies critics with latest Meta board member” Mark Zuckerberg appears to be sending a message with the latest addition to Meta’s board: The company is going to keep doing things his way — activists, politicians and concerned shareholders be damned. Zuckerberg’s company said last week that Tony Xu, the co-founder and CEO of…
“#Facebook and Google accused of ‘secret deal’ to carve up ad empire” Facebook boss Mark Zuckerberg and his counterpart at Google, CEO Sundar Pichai, secretly struck a deal in 2018 to carve up the digital advertising market between the two tech giants, according to newly revealed allegations from top state law-enforcement officials. Previously, it was…
“#Facebook tried to divide Dems, GOP over whistleblower: report” Mark Zuckerberg urged his employees not to apologize for Facebook’s ills as staffers called lawmakers in Washington, DC, in an effort to discredit whistleblower Frances Haugen, the Wall Street Journal reported Wednesday. In an effort to stop Democrats and Republicans from uniting in opposition to Facebook,…
“#Meta investors push for action against ‘harmful content’ aimed at teens” Meta shareholders are pushing the Facebook and Instagram parent company to take a harder line against “harmful content” targeted at teens on its site, as well as coronavirus-related misinformation. A group of shareholders slammed Meta in a letter made public on Monday, criticizing the…
“#Eating disorder posts still thrive on Instagram despite claims of a crackdown” Instagram is still plagued with disturbing eating disorder images that appear to violate the photo app’s rules — months after parent company Meta claimed it was cracking down. Despite a rash of bad press and Congressional scrutiny around the app’s toxic effects on…
“# Okcoin hires former Facebook spokesperson Randi Zuckerberg to grow female user base ” Cryptocurrency exchange Okcoin has announced Randi Zuckerberg — the sister of Meta CEO Mark Zuckerberg — will be joining the platform’s brand advisory council in its aim to bring more women into crypto. In a Thursday announcement, Okcoin said that in…
“# Meta’s head of crypto to step down at end of year ” David Marcus, the head of Meta’s cryptocurrency and fintech unit Novi, will step down from his role by the end of 2021. Taking over from Marcus will be Stephane Kasriel, the former CEO of Upwork who has been at Meta, formerly known…
“# $400M funding round to help Gemini build in the decentralized Metaverse ” The Winklevoss twins’ crypto exchange Gemini will allocate capital from its $400 million funding round into building a “Gemini experience in different Metaverses.” Gemini announced that it had closed a $400 million equity growth funding round at a valuation of $7.1 billion…