Facebook has dropped out of the top 10 most valuable global brands as Apple, Google and Amazon retained the first three places.
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The head of Google’s devices division has admitted he tells visitors he has smart speakers in his home before they enter the building.
The Facebook executive responsible for the embattled cryptocurrency said he doesn’t fault companies that pulled out of the project, adding that he’s optimistic more organisations will sign on.
Facebook’s remaining partners in its digital currency project signed paperwork on Monday to officially join the Libra Association.
Facebook’s effort to create a cryptocurrency was dealt a blow on Friday after several key partners, including Mastercard, Visa, eBay, Stripe and Mercado Pago, abandoned the project.
A global economic body has proposed overhauling the way multinationals, particularly technology giants, are taxed to make sure they pay their fair share in countries where they do significant business.
Naspers CEO Bob van Dijk said on Wednesday that the South African consumer Internet group remains a committed member of the Libra Association, the organisation overseeing the libra cryptocurrency.
Two US senate Democrats are urging three payment processing companies to reconsider their involvement with the libra cryptocurrency project envisioned by Facebook and a coalition of other groups.
Facebook’s proposed cryptocurrency has faced such overwhelming scorn that an exchange is now facilitating bets on whether the social media company can come close to meeting its target launch date.
PayPal has pulled out of the Libra Association, a blow to Facebook’s efforts to develop a digital currency.