Facebook’s Cryptocurrency Venture to Wind Down, Sell Assets

Facebook’s ambitious effort to bring cryptocurrency to the masses has failed. The Diem Association, the consortium Facebook founded in 2019 to build a futuristic payments network, is winding down and selling its technology to a small California bank that serves bitcoin and blockchain companies for about $200 million, a person familiar with the matter said. … Read more

AT&T earnings: Equity gains as business grows, spin-offs loom

Font size AT&T shares rose despite “disappointing” earnings outlook. Justin Sullivan/Getty Images AT&T On Wednesday, it reported fourth-quarter results, continuing a string of solid performance for the company, but the merger limbo remains impossible to ignore for many investors watching the cheap stocks. AT&T (ticker: T) showed growth in most of its divisions, leading the … Read more

Elon Musk Redeems Another $1 Billion in Tesla Shares

Elon Musk sold another $1 billion worth of Tesla Inc. shares on Tuesday as he nears his goal of divesting 10% of his stake in the electric vehicle manufacturer. According to Tuesday filings with the Securities and Exchange Commission, Musk has sold about 934,000 shares worth about $1.02 billion. He also exercised options on 1.55 … Read more