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Facebook’s Desperate Bid to Poach TikTok Stars May Fail Spectacularly

Facebook shuttered its answer to TikTok this month. The social media giant will launch a similar Instagram feature in August. Facebook knows it needs to poach TikTok creators – but it’s going to fail. Facebook (NASDAQ: FB) rarely meets a competitor it doesn’t want to acquire. Failing that, it seeks to vanquish them. After a…

$500 Million a Day: Facebook’s (FB) Mark Zuckerberg Is $5 Billion Richer in 2020

Mark Zuckerberg easily takes the award for one of the fastest wealth increases this year. Facebook’s growth prospects in 2020 look favorable as it benefits from political advertisers that Twitter and Google turn away. Wall Street is looking favorably on the stock but will Main Street follow the cue? With Facebook (NASDAQ:FB) up 6% in…

Facebook’s Crypto Libra Isn’t Getting Away With Measly Swiss Payments License – CCN.com

Switzerland’s financial regulator will subject the ‘Libra’ project to further scrutiny. | Source: Shutterstock Switzerland’s financial regulator has indicated that Facebook’s cryptocurrency project Libra will be required to meet additional requirements besides getting a payment system license prior to starting operations. In a press release, the Swiss Financial Market Supervisory Authority (FINMA) stated that the…