Zuckerberg Reveals White House Pressured Meta Regarding Pandemic-Related Content LeapRate

August 28, 2024 BY Elizabeth Anderson

Zuckerberg Reveals White House Pressured Meta Regarding Pandemic-Related Content

The Associated Press (AP) reported that Zuckerberg directed a letter to Jim Jordan, the Republican Chair of the House Judiciary Committee, in which he stated that the Biden-Harris administration “repeatedly pressured” Facebook – one of Meta’s social media platforms – “for months to take down” certain pandemic posts, including humorous and satirical ones. Meta’s CEO…

March 04, 2024 BY Elizabeth Anderson

Meta to Deprecate Facebook News in the US and Australia

ABC News reported that Meta entered into agreements with Australian media agents after this country introduced the News Media Bargaining Code. This law requires big tech companies to pay for the news they display on their sites. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Worth millions of dollars, these deals are due…

February 26, 2024 BY PureContent

NVIDIA Sets Single-Day Record for Market Value Increase

This massive gain overtook the previous best day of trading set by Facebook owner Meta Platforms Inc. (META) when it added $196bn to its value on February 2 this year. Analysts had hotly tipped NVDA to make huge profits thanks to its groundbreaking artificial intelligence (AI) technologies; however, even those analysts were taken aback by…

August 20, 2021 BY Steffy Bogdanova

Facebook’s digital wallet Novi is ready to launch

Marcus stated: We can then branch out and offer a variety of other financial services in partnership with respected and well-regulated partners, and expand from there. Facebook did not specify a launch date. It also did not give information on which coins the wallet would hold. David Marcus, who is the head of F2 or…

December 11, 2020 BY Steffy Bogdanova

Daily Market News: Markets in the red on Brexit and stimulus doubts

What to watch US consumer sentiment data: On Friday, preliminary consumer sentiment data for December will be released by the University of Michigan. The index came in at 76.9 for November, and consensus expectations for December are a small decline to 76.5. The US economy is heavily dependent on consumer spending, which accounts for 70%…

December 10, 2020 BY Steffy Bogdanova

Daily Market News: Brexit talks stall, ECB set to extend stimulus

What to watch Adobe: Software firm Adobe has added almost 50% to its share price in 2020, and has held up over the past three months while some tech names have faltered. The firm delivers its latest set of quarterly earnings on Thursday, where analysts are anticipating an earnings per share figure of $2.66. Key…

July 31, 2020 BY Valentina Kirilova

Daily Market News: FAANGs thrive as US economy drowns

FTSE 100 back below 6,000 on struggling banks and US economic woes Financial firms led the FTSE 100 2.3% lower on Thursday amid profit warnings from Lloyds Bank, the UK’s largest retail bank, and jitters caused by dire GDP data from Germany and the US. The FTSE 250 meanwhile was down a more modest 1.3%.…

July 30, 2020 BY Valentina Kirilova

Daily Market News: Earnings weigh heavily on European open

PayPal CEO says ‘no going back’ from pandemic induced e-commerce surge Boeing’s earnings report appeared to take airline stocks down with it yesterday, as American Airlines and United Airlines both sank by around 3% on a day where the broader market soared. The Nasdaq Composite was up 1.4%, helped higher by names including AMD, PayPal…

April 30, 2020 BY Valentina Kirilova

Daily Market News: Shell cuts dividend for first time since WWII

Overall, US markets enjoyed a significant rally on Wednesday, with the S&P 500 gaining 2.7%. Notably, the Nasdaq Composite is now less than one percentage point away from being back to where it started 2020. The Nasdaq was led higher by 8% plus gains from Micron, Marriott, Alphabet (Google’s parent) and Align Technology. S&P 500:…

April 17, 2020 BY Steffy Bogdanova

Facebook’s Libra issues revised whitepaper to appease global regulators

Initially, the Libra network will operate with four stablecoins, based upon the U.S. Dollar, the English Pound, the Euro, and the Singapore Dollar. The composite Libra Coin will be pegged to these four currencies by a formula endorsed by the IMF to conform to its structure of drawing rights. This major change will greatly enhance…

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