A week ago we covered a Wall Street Journal article highlighting potential trouble for Facebook’s Libra cryptocurrency, as multiple backers were reconsidering their commitment to the project. Fast-forward a week and things have only gone from bad to worse. As Bloomberg reports, PayPal was the first to announce they were leaving on October 6, with […]
There’s a strategic cost to the defection of Visa, Stripe, eBay, and more from the Facebook-led cryptocurrency Libra Association. They’re not just names dropping off a list. Each potentially made Libra more useful, ubiquitous, or reputable. Now they could become obstacles to the token’s launch or growth. Fearing regulators’ inquiries not just into their Libra
Why each Libra member’s mutiny hurts Facebook – TechCrunch Read More »
The floodgates opened today on Facebook Inc.’s Libra Association as no fewer than five more companies exited the group overseeing the social network’s proposed cryptocurrency: Mastercard Inc., Visa Inc., eBay Inc., Stripe Inc. and Mercado Pago. Reports that some companies were looking to withdraw their support from Libra surfaced Oct. 1, with PayPal Holdings Inc. becoming the first to
(Reuters) — Facebook’s ambitious efforts to establish a global digital currency called Libra suffered severe setbacks on Friday, as major payment companies including Mastercard and Visa quit the group behind the project. The two companies announced they would leave the association Friday afternoon, as did eBay, Stripe, and Latin American payments company Mercado Pago. They
eBay, Stripe, Mastercard, and Visa leave Facebook’s Libra Association Read More »
Text size While Twitter (TWTR) shares wilt under the threat of government regulation, Jack Dorsey’s other company is on the precipice of an all-time high stock price. Square (SQ) stock, which was trading at $89.65 per share Monday afternoon, is up an eye-popping 158% this year, and 228% over the past 12 months. Since Aug.
Twitter Is Struggling but Jack Dorsey’s Other Company Is Nearing an All-Time High Read More »
“The most important thing that we look at is the underlying health of the marketplace,” says eBay CEO Devin Wenig. “For me, that really comes down to three things. It’s how many people are shopping with us? How many people are selling with us? And how much inventory is in the marketplace? What’s on the
We’ve Seen Active Buyers Consistently Grow, Says eBay CEO Read More »
EBay notified merchants and publishers Tuesday that it will be closing down its third-party ad network, the eBay Commerce Network (ECN), as of May 1. Why you should care After five years, ECN will shut down as eBay says it is turning attention to advertising solutions for the core marketplace. “As a result, we are
eBay shuttering eBay Commerce Network, its third-party advertising network Read More »
As of March in 2018, the Google Play Store had a whopping 2.6 million apps available for downloading. There’s an app for chatting, one for learning, and many just to make your life simpler. If you haven’t already guess by that number, there is an app for everything! While all this sounds glorious, there are many (and
The Head of Americas for eBay, Scott Cutler, says that they will sell more online than Walmart, Macy’s and Best Buy combined. Ebay is the number two ecommerce player in the United States behind Amazon. Cutler noted that branded items are extremely hot on the platform with Adidas Yeezy Boost being eBay’s top searched item
We’ll Sell More Online Than Walmart, Macy’s and Best Buy Combined Read More »
Kynetic CEO Michael Rubin says that they owe all of their success to Amazon. “I owe all of our success to Amazon because we are such a big believer in what they were doing, a completely differentiative business model,” Rubin said. “What we’re doing is really all about vertical commerce.” Michael Rubin, CEO of Kynetic
