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Meta has begun blocking links to decentralized competitor Pixelfed, labeling them as "spam," just days after announcing a commitment to free speech. This move raises concerns about the sincerity of the company's intentions, as it appears to prioritize suppressing competition over promoting open expression. Critics suggest that Meta's actions may be more about political maneuvering than genuine support for free speech.
Donald Trump Jr. has joined Kalshi as a strategic advisor for its legal prediction market platform, which operates under CFTC regulation. Kalshi gained attention during the recent election, accurately predicting Trump's chances of victory at 55%, while competing with offshore operators like Polymarket, which recorded over $3.1 billion in trading volume. The platform offers contracts on various real-world events, including political and social topics, and has introduced unconventional bets, such as whether Trump would buy a portion of Greenland.
Meta shareholders have filed a request for a "Bitcoin Treasury Assessment" to evaluate the potential benefits of adding bitcoin to the company's treasury, which currently holds over $256 billion in assets. This move comes amid a growing trend among institutional investors to integrate bitcoin into corporate finances, contrasting with Microsoft's recent rejection of a similar proposal. Given Meta's previous experience with cryptocurrency initiatives, the outcome could significantly impact the crypto ecosystem.
Ethan Peck has proposed that Meta convert a portion of its $72 billion cash reserves into Bitcoin to hedge against inflation, citing a 28% loss in cash value over time. Peck, representing his family's shares, argues that Meta's directors benefit from Bitcoin, questioning why shareholders shouldn't receive similar asset allocation strategies. Meanwhile, previous proposals for Microsoft and Amazon to adopt Bitcoin have faced resistance, with concerns over volatility and the companies' strong market positions.
Circle has donated 1 million USDC to President-elect Donald Trump's inaugural committee, joining Ripple, Coinbase, and Kraken in support. The Trump-Vance Inaugural Committee aims to raise $150 million for inauguration events, with contributions already exceeding this goal. Trump's inauguration is scheduled for January 20, 2025, at the US Capitol, and the incoming administration is expected to create a more favorable regulatory environment for crypto assets.
Ethereum is projected to reach $5,000 by 2025, driven by historical market trends and significant catalysts like the rise of Ethereum ETFs and increased staking. However, the investment remains risky, with potential threats including market volatility and competition from faster altcoins. Experts recommend limiting cryptocurrency investments to about 2% of a diversified portfolio.
Meta is replacing its fact-checking program with a user-driven "Community Notes" system, aiming to simplify content moderation and reduce bias. This shift, supported by the crypto community, aligns with Meta's goal of enhancing transparency and free expression across its platforms. Additionally, the company plans to restore visibility for political content and relax restrictions on sensitive topics while focusing on severe policy violations.
Bernard Arnault, the chairman and 48% owner of LVMH, saw his net worth plummet by over $53 billion in 2024, dropping from $231 billion to $178 billion amid a nearly 40% decline in LVMH shares. Despite this setback, he remains the sixth richest person globally. Deloitte forecasts that ultra-rich families managing wealth through private offices will increase their fortunes from $5.5 trillion today to $9.5 trillion by 2030, driven by gains in their businesses and investments.
Meta Platforms leads a group of stocks rebounding from recent downtrends, including Kinetic Holdings, Talon Energy, GeneDX, and Interactive Brokers. Meta's stock regained a key buy point after strong Q3 earnings, while GeneDX turned a profit ahead of schedule. Kinetik and Talen also showed positive momentum, with Talen exploring legal avenues for a nuclear-powered data center despite regulatory setbacks.
Meta Platforms and Netflix have seen remarkable stock price increases of 390% and 300%, respectively, since October 2022, driven by strategic management decisions and innovations. Meta's focus on efficiency and advancements in AI have bolstered its earnings, while Netflix's introduction of an ad-supported tier and crackdown on password sharing have revitalized subscriber growth. Both companies are potential candidates for stock splits in 2025, with analysts projecting further upside.
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Meta blocks links to competitors raising free speech concerns
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