Tag: Facebook

Could Facebook be taken private? Zuck’s $52 billion cash problem

Facebook has $52 billion in cash on its balance sheet, but with intense antitrust scrutiny of the social media giant’s big acquisitions like Instagram, the political climate makes it hard for Mark Zuckerberg to broker big deals. Could the money be used to take Facebook private?
— Read on www.cnbc.com/2019/12/03/facebooks-52-billion-problem-all-that-cash-and-no-place-to-spend-it.html

Facebook’s David Marcus: Libra could use currency-pegged stablecoins

Facebook’s David Marcus says Libra could use “a series of stablecoins” pegged to currencies like the dollar, the euro and sterling.
— Read on www.cnbc.com/2019/10/21/facebooks-david-marcus-libra-could-use-currency-pegged-stablecoins.html

Facebook Sees Libra Tied to Dollar, Euro, Yen But Maybe Not Yuan

(Bloomberg) — Facebook Inc. told U.S. senators that the initial basket of currencies that will back its Libra cryptocurrency will likely include the U.S. dollar, euro, yen, British pound and Singapore dollar.The list responds to concerns from Virginia Democratic Senator Mark Warner that China may push
— Read on ca.finance.yahoo.com/news/facebook-sees-libra-tied-dollar-213339030.html

Facebook’s Libra coin likely to run a regulatory gauntlet – Reuters

Facebook Inc will face unprecedented regulatory scrutiny over a new digital currency that the social media company hopes will become globally recognized legal tender within a year.
— Read on www.reuters.com/article/us-facebook-crypto-regulation/facebooks-libra-coin-likely-to-run-a-regulatory-gauntlet-idUSKCN1TT30A

6 things we’re still wondering about Libra, Facebook’s new cryptocurrency coming in 2020

Libra, a new cryptocurrency created in part by Facebook, isn’t launching until 2020, and there are still a few unanswered questions.
— Read on www.msn.com/en-ca/money/topstories/6-things-were-still-wondering-about-libra-facebooks-new-cryptocurrency-coming-in-2020/ss-AAD9Atu

Facebook called before Senate panel over digital currency project – Reuters

Facebook Inc’s plans to create a global cryptocurrency will face scrutiny from the U.S. Senate Banking Committee on July 16, the latest sign that policymakers around the globe are casting a wary eye on the project.
— Read on www.reuters.com/article/us-facebook-crypto-senate/facebook-called-before-senate-panel-over-digital-currency-project-idUSKCN1TK2SX