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Amazon delivers paper towels, Google provides search results, and Uber, but these forward-facing services sew a complete misunderstanding of the companies, according to a Silicon Valley CEO.
Hong Kong In Massive Show of Defiance Against Beijing Over a quarter of Hong Kong’s 7.4 million people marched against China’s hand-picked chief executive Carrie Lam over the weekend in protest against an extradition bill that would essentially allow Beijing to ship over anyone they wanted to stand trial in China for crimes against communism, […]The post Market Morning: Hong Kong Rises Up, Fed Meets Wednesday, Deutsche Bad Bank, Boeing Mea Culpa appeared first on Market Exclusive.
What was supposed to be a roundtable discussion functioned more like a public drubbing of YouTube. A decade ago, fretful parents worried about video games and slasher films—but today, YouTube incites greater fear. Alicia Blum-Ross, YouTube’s policy chief for kids and family, tried to convince the room that her company was getting quality content to kids.
Lenders offering so-called merchant cash advances obtained more than 5,500 New York court judgments against borrowers in the first five months of this year, about the same monthly pace as in 2018, according to data compiled by Bloomberg News. This week, the state legislature will decide whether to finally crack down.
STOCKSTOWATCHTODAY BLOG Three numbers to start your day: (6758) Has a 70% Image Sensor Market Share It’s part of Sony’s semiconductor division, which activist investor Dan Loeb calls “dramatically underappreciated.
Huawei Technologies Co. is preparing for a drop in international smartphone shipments of 40 million to 60 million as the Trump administration’s blacklisting hammers one of the Chinese tech giant’s most important businesses. China’s largest technology company is crunching internal estimates and exploring options including pulling the latest model of its marquee overseas label, the Honor 20, people familiar with the matter say. The device begins selling in parts of Europe June 21 including France and the U.K., but executives are monitoring the launch and may cut off shipments if it sells poorly as expected, they said, asking not to be identified discussing internal matters.
Stanley Chen will become managing director of Greater China sales, the company said Monday, taking up a post Scott Beaumont vacated after he was appointed Google’s Asia-Pacific president in March. The incoming executive, who will be based in Shanghai, had been general manager of its Taiwan business for eight years. Google takes in about 15% of its annual revenue from the Asia Pacific even though it pulled its search engine from the world’s No. 2 economy around 2010, citing censorship.
Investing.com - Prices of the major cryptocurrencies were mixed on Monday in Asia, with Bitcoin trading above the $9,000 level.
The social network is likely to release details of its cryptocurrency this week: and it won’t be much like Bitcoin. First it had your friends, then it had your pictures, then it had your diary. Now, in the latest effort to entwine its systems still further into the everyday lives of its users, Facebook wants to get into your wallet. On Tuesday, the social media behemoth is expected to reveal its own cryptocurrency, which has variously been called Libra and GlobalCoin. However, unlike other cryptocurrencies, the new creation will not have been founded in the spirit of libertarianism, outside the backing of established, conventional authorities. Instead, it appears to have the endorsement of more than 12 corporations, from Uber to PayPal, Visa and Mastercard. Since they have risen to prominence over the past decade, cryptocurrencies have conjured up visions of a wild west of finance, where values fluctuate wildly and terrorists and drug dealers come piling in. Facebook’s new venture appears to be somewhat removed from that image. Reports suggest that the new currency will be overseen by a group of companies that have each invested some $10m to join a consortium and administer it. Another indication that the Facebook currency will be different from its predecessors is the fact that it will be pegged to a number of government-issued currencies, in a bid to avoid the vast value fluctuations that have dogged other digital currencies. That inconsistency in valuation is best illustrated by the price of Bitcoin, which was initially sold for a few cents before it reached a record high of just under $20,000 per coin in December 2017. Each one now sells for just over $8,300. The Facebook project is expected to cost $1bn and has been in development for a year. It should enable Facebook’s 2.4 billion monthly users to change dollars and other international currencies into its digital coins. The currency can then be used to buy goods on the internet – and in shops and other outlets – or to transfer money, without the need for a bank account. Facebook’s founder, Mark Zuckerberg, met the governor of the Bank of England, Mark Carney, last month to talk about his plans, and has also discussed the matter with US Treasury officials. “Payments is one of the areas where we have an opportunity to make it a lot easier,” Zuckerberg told the company’s developer conference in April. “I believe it should be as easy to send money to someone as it is to send a photo.” It is expected that Facebook will aim to shatter the poor image of cryptocurrencies, which were initially widely used by criminals to make transactions on the dark web. It has been reported that Facebook will not directly control the currency but that some members of the consortium will act as “nodes” within the system that can give the green light to transactions. Reports also suggest that hotels website Booking.com and the payments technology company Stripe have signed up. It is expected that Facebook will release a briefing on the new cryptocurrency this week. Concerns have been raised, however, that regulatory issues and Facebook’s hitherto poor track record on data privacy and protection are likely to prove major hurdles on the way to making any cryptocurrency a success. Facebook is also looking at paying users fractions of a coin for activities such as viewing ads and interacting with content related to online shopping, in a system similar to the loyalty schemes run by retailers.
The company that builds custom systems for the titans of the internet knows more than almost anyone what's needed to grow and scale in a cloud-first world.
It recently emerged that Facebook was planning to launch a cryptocurrency, GlobalCoin, designed to propel it into the payments sector via its Whatsapp, Instagram and Facebook messaging platforms. The initiative is alleged to launch in a dozen countries by Q1 2020 and is, quite frankly, very ambitious for the conglomerate considering both their and the cryptocurrency sector’s questionable reputations. Facebook’s trust conundrum Unless you’ve been living under a rock, you’re probably aware that cryptocurrencies had a tough year and a half with a slew of scandals and continued poor market performance. And if you’re six feet under that rock, you probably also missed that Facebook has been suffering crisis after crisis since a whistleblower revealed that the social media giant The post Will GlobalCoin make us trust Facebook again? appeared first on Coin Rivet.
With patience and skill, Blackstone Group CEO Stephen Schwarzman helped build an alternative-investment powerhouse that soon will be available to a much larger universe of investors.
Citigroup analyst Gregory Badishkanian isn’t ready to declare a victory in the grocery war, but he does have Buy ratings on Kroger, Walmart, and Amazon, and is Neutral on Costco.