(Bloomberg) - Facebook shares rose 2.5 percent, becoming one of the few highest technology stocks in the trade on Friday morning, after reports said it is accelerating its monetary ambitions of encryption.
According to the road overnight Wall Street Journal on Thursday, a group of payments and other companies, including Visa, MasterCard, PayPal and Uber, agreed to invest approximately $ 10 million in a consortium to monitor Facebook plans to announce next week a digital coins. According to the British "Financial Times" reported that the social media giant has hired a lobby for the Bank of England in London as director of public policy.
In addition, the Wall Street Journal also reported that Facebook plans to increase marketing spending on consumer-oriented advertising strategy transformation.
At 9:35 am New York time, Facebook shares rose 2.5% to $ 181.84. This is the 100 Nasdaq index, the best stock to realize due to concerns about heavy demand on a semiconductor basis, the index fell 0.7%.
(Updated in the previous paragraph, shared performance in the last paragraph).
Contact this reporter: Courtney Dentch at cdentch1@bloomberg.net in New York
Contact the editor responsible for this story: Chris Nagi, email: chrisnagi@bloomberg.net
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