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Chronicles

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Sources: Meta has drawn up plans to add “social tokens”, lending services, and a non-blockchain virtual currency that employees dubbed “Zuck Bucks” to its apps

Meta has drawn up plans to introduce virtual coins, tokens and lending services to its apps …

Financial Times Hannah Murphy

Discussion

  • @_seandavid Sean D. Emory on x
    Naming it Zuck Bucks is probably the single best marketing thing they have done in years: $FB I'm definitely buying a Zuck Buck https://twitter.com/...
  • @hypervisible @hypervisible on x
    “Facebucks” was right there. https://www.theverge.com/...
  • @pierce David Pierce on x
    One of these things will get a lot of press and accomplish exactly nothing. The other is super boring but will make a lot of money. You guess which is which! https://www.theverge.com/... https://twitter.com/...
  • @sfiegerman Seth Fiegerman on x
    tired: libra wired: zuck bucks https://www.ft.com/... https://twitter.com/...
  • @silvermanjacob Jacob Silverman on x
    Somehow all tech has become fintech https://www.theverge.com/... https://twitter.com/...
  • @mshannahmurphy Hannah Murphy on x
    Finally, Meta has also been exploring more traditional financial services, with a focus on helping to provide small business loans at attractive rates (think Shopify's 'Shopify Capital')
  • @rmac18 Ryan Mac on x
    So, the thing about this is that right wing candidates pushing election fraud narratives have used the phrase “Zuck Bucks” to describe the money Zuckerberg donated to voter registration efforts in 2020. https://twitter.com/...
  • @mikeisaac @mikeisaac on x
    many ancient coins bear the visage of the issuing ruler... (that or this is just insane) https://www.ft.com/...
  • @katienotopoulos Katie Notopoulos on x
    I immediately scrolled to the dateline to check if it was April 1. It's not https://www.ft.com/...
  • @harrymccracken Harry McCracken on x
    Could also call them Marks, since Germany isn't using that brand any more. https://www.ft.com/...
  • @bigblackjacobin Edward Ongweso Jr on x
    [gif of a person burning something with a flamethrower]
  • @mshannahmurphy Hannah Murphy on x
    Firstly, a virtual currency for the metaverse Note this is unlikely to be a cryptocurrency based on the blockchain, per sources Instead, Meta is exploring introducing in-app tokens that are centrally controlled (think Roblox's Robux or Facebook Credits from the FarmVille era) htt…
  • @mayazi Maya Zehavi on x
    @joonian Can u imagine Zuck creating the floor algo for reputation tokens ? Tweet something negative about Feta, loose 50 points of your credit score or lower the floor price of your social token
  • @karlbode Karl Bode on x
    imagine working for Facebook marketing, with an unlimited budget and the best creative talent in the world at your fingertips, and being forced to constantly tether your brand to a man with the charisma of a damp walnut https://www.theverge.com/...
  • @lhm1 Lucy HM on x
    Looool who is going to use this?! https://www.ft.com/... https://twitter.com/...
  • @marcbain_ Marc Bain on x
    can't wait to roam the metaverse with a wallet full of Zuck Bucks https://www.ft.com/...
  • @jeffjohnroberts Jeff Roberts on x
    “Staffers are now trying to find the least regulated way to offer a digital currency ... with a digital token that is not based on the blockchain emerging as the most attractive option.” 🤮🤮🤮 https://www.ft.com/...
  • @mshannahmurphy Hannah Murphy on x
    It is also looking at the creation of so-called “social tokens” or “reputation tokens”, which could be issued as rewards for meaningful contributions in Facebook groups And “creator coins” that might be associated with particular influencers on Instagram
  • @westcoastbill Bill Lee on x
    uhhh - someone needs to read the room... https://twitter.com/...
  • @fienixtaranova @fienixtaranova on x
    Facebook banned crypto a few years ago. Don't watch what they say, watch what they do. https://twitter.com/...