Facebook’s dreams of a global cryptocurrency are officially over. The independent association the social network stood up to govern the project from Switzerland said Wednesday that it’s relocating to the U.S. and plans to only issue a digital currency backed by the dollar. It’s the latest in a long series of twists and turns the embattled project has taken since Facebook first announced it...
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TikTok’s Ad Stumbles; an NFT Artist on Crypto Twitter, Philanthropy and Diversity
TikTok aims to rival the ad revenue of digital titans such as Meta Platforms, but a new report from my colleague Sylvia shows that turbulence within the short-form video app’s ad sales department threatens to throw it off course.That turbulence includes a high-pressure culture that has resulted in heavy turnover. Since top-down instruction still comes from Beijing, employees are confused about...
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