Money, Investments, Negotiations & Donations – What's News For Today?
1/ SoftBank seeks control of WeWork through financing package. The package would significantly increase the stake of SoftBank, which already owns around one third of WeWork, and further dilute the influence of co-founder Adam Neumann.
2/ Mastercard, Visa, eBay leave Facebook's Libra Project. The moves came after lawmakers, central bankers and regulators expressed deep concerns about Libra's future. Why each project's member's mutiny hurts Facebook?
3/ Brazilian lender Banco Inter SA and Uber are in talks to forge a partnership in financial services. An agreement would likely boost Banco Inter’s business, as Brazil is Uber’s largest market outside the United States.
4/ Unicef announced its new crypto fund, marking the first time any part of the United Nations will be able to accept donations of digital currency. The fund will invest in early-stage, open-source companies working with children and is currently limited to no more than 1,000 bitcoin and 10,000 ether.