Social media giant Meta Platforms, Inc., formerly known as Facebook, Inc., faces prosecution in South Africa for unfairly trying to block local startups from using its WhatsApp Business Application Programming Interface (API), a government agency said Monday. It comes after the country’s competition regulator, the Competition Commission, said in a statement that it has referred Meta Platforms and its subsidiaries WhatsApp Inc and Facebook South Africa to the Competition Tribunal for prosecution for abusing its market dominance. According to Anadolu Agency, the commission alleges that Facebook in July 2020 threatened to
Meta4 Fund Management, a cryptocurrency-focused investment management company, today announced the launch of Meta4 NFT Fund I, LP, an investment vehicle that will buy rare specimens of non-fungible tokens. The Fund’s Managing Partners are Brandon Buchanan and Nabyl Charania. The new private investment fund has secured a lead investment from Andreessen Horowitz (a16z) a venture capital firm that backs bold entrepreneurs building the future through technology. It comes at a time when NFTs have become the most interesting, entertaining, and lucrative subsection of the cryptocurrency asset class. The Fund will invest in digital
