The Libra Association, a group founded by Facebook to launch a global digital currency, has changed its name to the Diem Foundation and announced the addition of several new executives. The name change is part of an effort by the group to distance itself from Facebook as it seeks regulatory approval for a new stablecoin. The Libra Association ran into stiff opposition from regulators around...
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Meta’s Twitch Competitor Cuts Contracts With Gaming Creators
Since 2018, Meta Platforms has paid videogamers to stream their play on Facebook’s gaming service, its alternative to Twitch. Now, in a new era of austerity, Meta is cutting back on those payments. Facebook Gaming in the second half of last year dropped its contracts with at least 200 creators that paid them to spend time streaming on the web service, according to two people with direct...
Chinese Online Retail Giant JD.com Retreats in Southeast Asia
China’s Baidu to Launch ChatGPT-like Service
Amazon Fresh Hikes Grocery Delivery Fees
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