The FTC's high-profile legal fight with Facebook represents one of the biggest challenges the government has brought against a tech company in decades, and is being closely watched as Washington aims to tackle Big Tech's extensive market power.
The lawsuit, filed Jan. 7 in Los Angeles federal court, claims the celebrities touted tokens sold by EthereumMax, or EMAX, in order to boost its price and make themselves a profit "at the expense of their followers and investors."
Xu's appointment is effective immediately, according to the company, bringing the number of Meta directors to 10.
The company now plans to use the proceeds from the fresh raise to double its team strength, hire across marketing and engineering functions, scale its existing line of products as well as look at geographic expansion.
India’s top edtech firms are joining forces to implement a self-regulatory code on how they do business in the country. Tata Digital has set up a fintech arm to compete better with Amazon and Reliance.
Venture debt firm Anicut Capital has closed its second fund, raising a corpus of Rs 875 crore entirely from domestic investors, a senior company executive said.
Tata Fintech, which is expected to function as a financial marketplace offering multiple financial products and a new retail payments gateway to its consumers under a single roof.