$350 Mini Android Phone
Following rumors and reports that Facebook would launch its own cryptocurrency, the social giant made the announcement official today, announcing Libra and Calbra to the world. Facebook says Libra is a new universal cryptocurrency contained and maintained by Calibra the name of the wallet that the virtual currency is stored in as well as the subsidiary company formed to manage it. Facebook hopes Libra will empower users with and without access to stable financial institutions and can be used to purchase things within the Facebook Ecosystem and third-party vendors as support becomes available. The blockchain tech is backed by major financial and tech powerhouses, including Mastercard, Paypal, Spotify, and Uber among others. Facebook plans to launch Libra next year.
As the T-Mobile and Sprint merger moves closer to a green light, the two companies will take some losses before they get the final approval. New reports suggest satellite tv company Dish will be buying about $6 Billion dollars of assets from the two mobile giants, including space in the wireless spectrum and Boost Mobile. Other companies were rumored to be on a short list to scoop of the assets but it looks like Dish will take on the purchases, according to sources. This news comes shortly after it was reported that the Dept of Justice was looking to turn down the deal because of Sprint’s continued ownership of boost mobile. If the deal goes through, the DOJ is reported to give the T-Mobile and Sprint merger the final seal of approval.
Palm is still trying to make the Palm phone happen, now moving to bypass Verizon and sell the phone to consumers directly. The super small smartphone runs a modified version of Android was originally pitched as a minimalist phone to be used in addition to your main smartphone, but after some less than stellar reviews, the phone has mostly floundered. Customers who want to try the phone out no longer need to add it on as a monthly extra to their Verizon account but can buy it, unlocked, for $350.