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
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Discussion
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@_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/...
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@hypervisible
@hypervisible
on x
“Facebucks” was right there. https://www.theverge.com/...
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@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/...
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@sfiegerman
Seth Fiegerman
on x
tired: libra wired: zuck bucks https://www.ft.com/... https://twitter.com/...
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@silvermanjacob
Jacob Silverman
on x
Somehow all tech has become fintech https://www.theverge.com/... https://twitter.com/...
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@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')
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@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/...
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@mikeisaac
@mikeisaac
on x
many ancient coins bear the visage of the issuing ruler... (that or this is just insane) https://www.ft.com/...
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@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/...
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@harrymccracken
Harry McCracken
on x
Could also call them Marks, since Germany isn't using that brand any more. https://www.ft.com/...
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@bigblackjacobin
Edward Ongweso Jr
on x
[gif of a person burning something with a flamethrower]
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@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…
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@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
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@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/...
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@lhm1
Lucy HM
on x
Looool who is going to use this?! https://www.ft.com/... https://twitter.com/...
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@marcbain_
Marc Bain
on x
can't wait to roam the metaverse with a wallet full of Zuck Bucks https://www.ft.com/...
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@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/...
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@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
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@westcoastbill
Bill Lee
on x
uhhh - someone needs to read the room... https://twitter.com/...
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@fienixtaranova
@fienixtaranova
on x
Facebook banned crypto a few years ago. Don't watch what they say, watch what they do. https://twitter.com/...