The campaign is affecting Facebook stock. On Friday, it plunged by 8.32% and closed at $216.08. In early trading today, FB shares are further down. At the moment of writing, Facebook stock makes up $210.10 per share or 2.77% down.
Japan-based financial services firm SBI Holdings launches a cryptocurrency fund with major domiciliation of 50% in XRP.
Coffee retail giant Starbucks said that it will work with its media partners and civil rights organizations to stop the spread of hate speech.
Big brands from different sectors have asked Facebook to amp up its actions to fight against the rising misinformation and hate speech on its platform. The companies have blamed Facebook for failing to act in this direction.
Despite the shutdown of Tesla’s main vehicle production facility in Fremont for the majority of the second quarter, the company stands good chances of finishing the second quarter in impressive fashion.
Microsoft has confirmed it is going to close its physical stores permanently to boost its virtual shopping store for its customers. MSFT stock is down today.
In a statement on Friday, a spokesperson for UK FCA said that WCS has been suspended from all regulated financial activities.
The new F-150 truck in both pure diesel and hybrid versions can be considered to be another booster for Ford stock. F stock was up yesterday and is in the green today in the pre-market.
Lemonade, which filed to go public earlier in June, announced on Thursday a price range of $23 to $26 for its public offering. The updated regulatory filing could mean a significant valuation hit for the insurtech firm.
The SEC has filed civil charges against Abramoff and Andrade in addition to the criminal charges. Andrade hired Abramoff in 2017 to “work on a public relations and marketing campaign” for the cryptocurrency, called AML Bitcoin.
The number of COVID-19 cases is rising again, and the companies working on the vaccine will likely further benefit from a cash flow into them. Vaxart, Inovio Pharmaceuticals, and Sorrento Therapeutics stocks are good examples of this advantage.
Amazon.com Inc is finalizing its acquisition deal with robotic car company Zoox. The acquisition that is projected to be worth $1 billion is Amazon’s debut into car manufacturing. AMZN stock is up.
Albertsons supermarket has just announced its decision to go public with its downsized IPO. The Cerberus with a 31.9% stake in Albertsons post-IPO believes the company will achieve success when market demands stabilize.
ConsenSys and AMD raised $20 million to fund W3BCLOUD, a startup working to provide a reliable infrastructure for the growing blockchain ecosystem.
Nike (NKE) stock dropped 3.94% to trade at around $97.40. The drop is being attributed to the unexpectedly poor results of the 2020 fourth quarter and full year that ended May 31, 2020.