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Pension fund joins action against Facebook
KRISTI CHENG  |  FRIDAY, 23 AUG 2019
The California State Teachers' Retirement System has joined a derivatives case against Facebook in regards to Cambridge Analytica. The litigation at hand is a pending derivative lawsuit against Facebook's leadership, including the social media company's ...
Fintech off to slow start in 2019: KPMG
KRISTI CHENG  |  TUESDAY, 6 AUG 2019
... achieve scale, and consolidation is likely to increase as these platforms look for ways to survive and gain market share. Facebook's introduction of its cryptocurrency, Libra, revived interest in cryptocurrencies, with a number of global companies buying ...
AFA expands support for paraplanners
ELIZABETH MCARTHUR  |  MONDAY, 22 JUL 2019
... launched a new community of practice for paraplanners. AFA Pulse has been designed as an online community, launched with a Facebook page. Any AFA members who are paraplanners or looking to move into paraplanning are welcome to join. The community will ...
Chief economist update: Australia needs a cheaper A$
BENJAMIN ONG  |  TUESDAY, 9 JUL 2019
If it were posted on Facebook, Wall Street would have "unliked" the strong US non-farm payrolls report for June - up a bigger-than-expected 224,000 from 72,000 in May. Meanwhile, the unemployment rate ticked up to 3.7% from 3.6% in May, remains near ...
Beware tech firms in financial services
ELIZABETH MCARTHUR  |  MONDAY, 24 JUN 2019
... these companies present to existing financial services firms due to their large customer bases. The warning comes after Facebook launched its own digital wallet and blockchain powered cryptocurrency as part of a new financial services subsidiary for ...
Facebook to launch own currency
HARRISON WORLEY  |  WEDNESDAY, 19 JUN 2019
... social media giant revealed plans for its first financial services product, a digital wallet and its own cryptocurrency. Facebook is set to launch its own digital wallet in 2020, to allow people to access and participate in the Libra network, Facebook's ...
Facebook dropped from ESG index
ELIZABETH MCARTHUR  |  MONDAY, 17 JUN 2019
Facebook has been dropped from the S&P 500 ESG (Environmental, Social and Governance) Index after a series of scandals brought the company's ethics into question. The S&P 500 ESG Index underwent its annual rebalance at the end of April and removed several ...
NZ$5 trillion investor group supports Christchurch Call
ELIZABETH MCARTHUR  |  THURSDAY, 16 MAY 2019
... can agree to which have the aim of preventing terrorist and violent extremist content from spreading online. Google, Facebook, Twitter, Daily Motion and Amazon are among the tech companies that have agreed to the Christchurch Call. As part of their agreement ...
HESTA joins ESG social media fight
ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... joined with other New Zealand investors and pension funds to call for action . The group of investors are calling for Facebook, Twitter and Alphabet (the company that owns Google and is responsible for YouTube) to take steps to make sure that there is ...
Aussie blockchain investor goes global
ELIZABETH MCARTHUR  |  TUESDAY, 16 APR 2019
... "Blockchain and DLT represent the next evolution of a distributed database. We are seeing widespread adoption from JP Morgan, Facebook, IBM, Starbucks, Fidelity, Nasdaq , ASX etc." "Global banks are either developing their own protocol/solution or are ...
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