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Facebook Strikes $5.7 Billion Deal With India’s Richest Man

Facebook Strikes $5.7 Billion Deal With India’s Richest Man

TOPLINE Facebook has become the largest minority shareholder in Indian oil and telecom tycoon Mukesh Ambani’s cut-price Jio mobile internet network with a 5.7 billion deal. India’s richest man, Mukesh Ambani, struck a bumper deal to sell a stake his Jio mobile network to …

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Facebook Is Scaling Back Its Digital Currency Project Libra as It Tries to Win Regulatory Approval

Facebook Is Scaling Back Its Digital Currency Project Libra as It Tries to Win Regulatory Approval

Drew Angerer/Getty Images Facebook is scaling back its cryptocurrency project Libra. The ambitious plan to build a new transnational digital currency faced a wave of criticism and regulatory scrutiny. On Thursday, it announced it would be linked to individual currencies and have additional oversight by watchdogs.

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Why Facebook Still Wants to Invade the Payments Space

Why Facebook Still Wants to Invade the Payments Space

While Facebook has taken some PR lumps over its Libra cryptocurrency concept, it’s not as if the company was a payments newbie. Facebook has a longstanding interest in payments, and has already made a considerable amount of money from its payments activities.

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Database Left 267 Million Facebook IDs Exposed

Database Left 267 Million Facebook IDs Exposed

An unsecured Elasticsearch database exposed the identities and phone numbers of over 267 million Facebook users for about two weeks, according to a new research report.

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Google, Facebook Take on Banking Duties, Crypto Shrugged to the Side?

Google, Facebook Take on Banking Duties, Crypto Shrugged to the Side?

A peculiar phenomenon is occurring within the economic sector. In fact, it’s been transpiring over the past few decades. After the rise of the internet and the development of effective communications, the financial industry underwent a technical reconstruction. Those formerly disbarred due to a lack of capital found refuge in this revolution.

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Facebook Launches Integrated Payment on WhatsApp, Messenger, and Instagram

Facebook Launches Integrated Payment on WhatsApp, Messenger, and Instagram

Facebook is making a foray into online payments with its new Facebook Pay service, the company announced Tuesday – and could be poised to take a big bite out of PayPal ‘s and Apple Pay’s business. The new service rolls out in the U.S.

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Facebucks Are the Last Thing the World Needs

Facebucks Are the Last Thing the World Needs

Is Facebooks moneyLibrafunny money, or a threat to all currencies? Or is it just a giant scam to transfer peoples cash into Facebook? Facebooks proposed currency, Libraor as NPR put it, Facebuckshas created a storm.

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Facebook vs. Twitter

Facebook(NASDAQ: FB) andTwitter(NYSE: TWTR) have defined the social media sector since its early days. The two companies together pioneered many of the social media concepts that have become part of the mainstream lexicon, including trending topics, the news feed, and even liking something.

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Facebook Is Discontinuing P2P Payments in Messenger in the UK and France on June 15

Facebook Is Discontinuing P2P Payments in Messenger in the UK and France on June 15

Facebook is pulling away from its ambitions to provide peer-to-peer money transfers via Messenger in Europe. Today, the company announced that it would be discontinuing the service — which let individuals send money to each other — in the two countries in the region where it had rolled it out, the UK and France on […]

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Facebook Seems to Be Pushing Ahead With Blockchain

Facebook Seems to Be Pushing Ahead With Blockchain

Facebook executive David Marcus resigned from Coinbase Inc.’s board, a sign the social network giant is pushing ahead with its own blockchain work. Marcus quit Friday, citing a new group he oversees at Facebook that is exploring potential blockchain uses.

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Facebook Denies Seeking Users’ Bank Data

Facebook Denies Seeking Users’ Bank Data

Facebook has been getting cozy with your banks, but that might not be as alarming as it sounds. On Monday, the Wall Street Journal reported that Facebook has been courting banks to enter into data-sharing agreements.

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Banks Won’t ‘Like’ This Offer From Facebook

Banks Won’t ‘Like’ This Offer From Facebook

With apologies to the Godfather, Facebook is making an offer that’s easy for banks to refuse.

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