Zuck What? Meta Is Reportedly Planning To Create A Digital Token Nicknamed Af...
Meta Platforms is preparing to integrate cryptocurrencies into its family of apps, with the goal of using them to reward creators and to facilitate lending and other financial activities. The Financial Times reported on Wednesday that Meta is considering creating “Zuck Bucks,” a virtual currency that consumers can use across its apps, as the British […]
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The virtual currency, which employees have reportedly dubbed ‘Zuck Bucks’, will be aimed at use in the metaverse. Social media giant Facebook’s parent company Meta is reportedly planning to introduce virtual currency named after CEO Mark Zuckerberg as well as lending services to apps it owns, which may include Facebook, WhatsApp, Instagram, and Messenger. According to a Financial Times report on Wednesday, the move toward tokens and virtual currency is aimed at exploring alternative sources of revenue as interest in Facebook and Instagram drops. Meta’s potential virtual currency, which....
“In order for him to have a clean slate for Meta, he must step down and he must have a new CEO to run it,” said Jenny Ta. Crypto leaders are divided over whether Mark Zuckerberg should lead Facebook into the Metaverse, with Hodl Asset’s Jenny Ta saying he needs to resign if Meta is to succeed while Animoca’s Yat Siu says Zuck is the only one who can drive the company forward.Ta is the Chief Operating Officer (COO) of nonfungible token (NFT) platform developer Hodl Assets, and said that Zuckerberg needs to head off lawsuits and protect the company’s image by relinquishing his role as CEO.....
Meta Platforms, Inc., formerly known as Facebook, Inc., is reportedly experimenting with non-fungible token (NFT) technology, according to unknown sources speaking with the Financial Times (FT). Allegedly, Meta is “readying” an NFT feature but it is “at an early stage and could yet change.” Meta and Instagram Are Reportedly Experimenting With NFT Tech A report stemming from the financial news outlet FT says that Meta and the firm’s subsidiary Instagram are currently exploring NFT technology. FT quotes unnamed sources familiar with the matter, that claim....
Meta, the social media company, is planning to issue its first set of bonds to finance new investments and operations, according to reports. The company will be selling $10 billion in debt, to maintain a healthy cash flow and fund buybacks, per statements of two people with reported knowledge of the deal.
Meta to Issue Bonds to Finance New Investments
Meta, one of the first companies that pivoted to the metaverse as part of its main business model, is set to issue debt in order to continue to fund part of its operations and to maintain a healthy free cash flow. According to....
Facebook’s parent company Meta has announced today that the firm is cutting down 11,000 workers, in what could be the biggest layoff in the US this year. Meta Fires 11,000 Employees, Zuckerberg Describes Change As “Most Difficult” In Company History Last week, reports surfaced that the megacompany Meta is planning to sack a large number […]