The online magazine Mother Jones recently published an interesting report about US tech oligarchs. The 2024 US presidential election has been marked by an unprecedented level of influence from tech billionaires and other ultra-wealthy individuals, reshaping the political landscape and raising concerns about the state of American democracy.

Binance is the largest crypto exchange by trading volume. Changpeng Zhao founded Binance in 2017. He is an experienced tech entrepreneur and founded Fusion Systems in 2005 in Shanghai; the company built high-frequency trading systems for stockbrokers. In 2013, he joined Blockchain.info as the third member of the cryptocurrency wallet's team and worked at OKCoin as CTO for less than a year.

Meta Platforms, the parent company of Facebook, has lost more than half a trillion dollars in market value since its August 2021 peak. Half of that vaporized in a single day, the biggest drop ever in the global stock exchange history. Once the sixth-largest company in the world by market capitalization, Meta has fallen out of the top ten, replaced by two computer-chip makers, Warren Buffett’s Berkshire Hathaway and the Chinese e-commerce company Tencent.

Meta Platforms saw its stock market value slump by more than $230B last week. A record daily loss for a US firm. Its shares fell 26.4% after quarterly figures disappointed investors. Meta also said that Facebook's daily active users (DAUs) had dropped for the first time in its 18-year history and fell to 1.929B in the three months to the end of December, compared to 1.930B in the previous quarter.

In December 2020, the U.S. Federal Trade Commission (FTC) sought to break up Meta and to unwind acquisitions of Instagram in 2012 and WhatsApp in 2014. Unfortunately, Judge James E. Boasberg found that FTC had not plausibly supported its case, and thus could not proceed. Under the new chair Lina Khan FTC re-filed with more evidence and now the case has been approved for trial. But now TikTok is the new champion. In 2021, it was the most visited website in the world.

The Mark Zuckerberg company Meta is the operator of the two most prominent social media platforms, Facebook and Instagram. It is well-known that Facebook is a fake news platform and happily promotes scams. Facebook puts itself at the service of cybercriminals if they pay! It's all about money. Recently, scammers promoted the fraudulent Meta Token ICO via Facebook ads. Now the Starling Bank boss Anne Boden boycotts the Meta prostitution. Respect!

FinTelegram reports on a $50 million crypto token scam that presents itself as the project of Facebook founder Mark Zuckerberg. Meta Platforms, Inc. is the new name of Zuckerberg's company that operates the world's largest social media platforms, Facebook and Instagram, as well as the messenger service WhatsApp. Currently, the META Token is being sold via the Meta ICO website (https://meta-ico.com) with the logo of Zuckerberg's company and a picture of Mark Zuckerberg, labeled as the founder.