Tag Archives: ftc

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Meta Platforms, Inc., doing business as Meta and formerly named Facebook. A lot of the big themes of the past week are similar to what we’ve been seeing throughout this crypto bear. In the US, markets reacted to another 75 basis point rate hike from the Fed, even as GDP was negative for the second quarter in a row – one of the basic definitions of a recession. Surprisingly, they saw the Fed’s actions as a dovish turn, with the best two-day rally off...

Cryptocurrency activity is all the rage as of late, so what does one do when they feel they have been cheated by family members who are seeking to do all they can to take advantage of growing crypto activities? Cryptocurrency Has the Capacity for Good… And Not So Good Things This seems to be the plight of one woman who has written in to financial news platform MarketWatch. Choosing to remain anonymous, the woman explained to the platform that her father reached out to...

As it tries to sanitize the playing field, the FTC has announced an investigation into some of the biggest tech companies: Amazon, Apple, Facebook, Google and Microsoft.The Federal Trade Commission, FTC, has announced its decision to begin an investigation targeted at some tech giants. The Commission said that the investigation is to shine its spotlight on these companies’ acquisitions carried out in the past, that may not have been thoroughly scrutinized by the regulator. The tech giants...

Facebook is facing a lawsuit from a group of four plaintiffs who are accusing the social media giant of anti-competitive moves. The complainants are demanding a court order that will force the company to shed some of its weight and sell its assets.The Facebook LawsuitOn Thursday, four tech startups initiated the lawsuit. In the filing, the plaintiffs suggest Facebook’s unlawful moves have built what they describe as a “social data barrier to entry.” This continues to prevent them from being...

A rather inspiring presentation from the head of Facebook’s Libra David Marcus seems to have inspired someone else as well and neither more nor less – Coinbase CEO himself. Yes, you’ve heard it right, Brian Armstrong came out as a real supporter of this, still developing stablecoin.The thing is that Libra is often represented as a project that carries labels such as “alienating”, “controversial” or even “poisonous”. Even though it still hasn’t come out at the light of the day, it has already...

Founded by Mark Zuckerberg and a few of his friends back in February 2004, Facebook has become the world’s largest social media platform and social networking service company. Today, the company has more than 2 billion active users and is also the second biggest platform for digital advertising only behind Google.Along with Amazon, Google and Apple, Facebook is regarded as one of the big four tech companies and has consistently maintained a monopoly in the social media space. However, even...