Bitcoin, which has recently attracted the attention of some of the world's biggest technology entrepreneurs, is likely to soon get a big competitor: Mark Zuckerberg's social giant Facebook...
, makes money on its social network by selling advertisements and in January this year posted a record profit of $6.88 billion for the final three months of 2018, compared with $4.27 billion the year before, with revenue rising 30% to $16.64 billion.
In a blog post, Zuckerberg outlined his belief that a"privacy-focused communications platform will become even more important than today's open platforms." Slow uptake of bitcoin and other cryptocurrencies has left many investors disappointed after a 2017 bull run catapulted cryptocurrencies into the limelight and led to many predicting use of bitcoin would become commonplace.
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