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Facebook Crypto

Facebook Acquires Blockchain Startup

By Jon Victor
· · Source: Cheddar

Facebook has made its first crypto acquisition: Chainspace, a company founded by researchers at University College London. The acquisition could bolster Facebook’s efforts to develop a native cryptocurrency for its platforms; the social media giant is said to be creating a cryptocurrency that it will pilot through WhatsApp in India. According to its website, Chainspace was developing a...

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Why Uber’s Postmates Deal Doesn’t Deserve Celebration: The Information’s Tech Briefing
By The Information Staff · July 6, 2020 5:47 PM PDT

Uber's 6% stock price rise on Monday suggests investors like the company's $2.65 billion acquisition of Postmates. And it is, in theory, a way to shore up Uber Eats' restaurant food delivery in some U.S. cities and consolidate the market.

But investors should curb their enthusiasm. Postmates’ share of the U.S. market in recent years has fallen—it dropped to 7% from ...

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