Facebook ‘s parent company is definitely one of the most unfriended on Wall Street right now. Meta Platforms (ticker: FB), which owns Facebook, Instagram, and WhatsApp, is seeing its stock go into fre...
Tag: Metas
Sale of Diem assets to Silvergate ends Meta’s cryptocurrency ambitions
Diem’s intellectual property and assets have been sold to cryptocurrency bank Silvergate Capital Corporation The sale was made for US$182 million They aimed to launch stablecoins which would make paym...
Jack Dorsey Criticizes Meta’s Diem Project, Says Zuckerberg Should Have Opted for Bitcoin
Days after Facebook’s parent company Meta called its quits for its stablecoin project Diem, Block Inc’s Jack Dorsey has come lashing out at the company. The Twitter founder and former executive believ...
Meta’s stablecoin project, Diem now sold – is it a lost cause or a new beginning?
As the regulatory hurdles were getting worse for Meta-backed Diem, Facebook-parent has now abandoned the project for good, as per a recent statement. And, Silvergate Capital has come in to acquire the...
Meta’s Cryptocurrency Project Diem Could Go for Sale (Report)
The Diem Association – a cryptocurrency initiative backed by Meta – is reportedly considering the sale of its assets to return capital to its investors. The project is also in discussions with investm...
Meta’s Diem stablecoin project to be sold off amid regulatory bottlenecks
Stablecoins, digital coins pegged to a traditional currency, grew around 450% to approximately $156 billion in 2021 from 2020. Tether remains the largest stablecoin with a market capitalization of >...
Meta’s Stablecoin Project Diem Reportedly Looking to Sell Off All Assets
Diem, the ambitious stablecoin project launched by Meta – previously known as Facebook – is reportedly considering shuttering its business, Bloomberg reports, January 26, 2022. A Mum End to Diem? Mark...
Meta’s Recent Virtual Concerts Flops Severely, Is Facebook’s Rebrand Becoming Disastrous?
Mark Zuckerberg’s dream of building the metaverse with the rebranding of Facebook to Meta may be off to a rocky start already. Meta hosted a series of virtual concerts on its Horizon Venues app, where...