Business Briefs: FaceCoin, Snapchat, Boring CompanyPosted: Updated:
Get ready for FaceCoin. Cheddar has learned that Facebook is exploring options to create its own form of cryptocurrency. The company recently formed a group dedicated to Blockchain – the tech behind crypto. A Facebook currency could allow the more than $2 billion to make electronic payments.
Snap is rolling out a redesign to its redesign. The social media company is backtracking after its app redesign a few months ago sparked intense criticism from users. Now, the Snapchat app will look more like its original version, which does not separate posts from friends and celebrities or publishers.
The Boring Company has almost completed its first underground tunnel in Los Angeles. CEO Elon Musk posted a video of a shuttle ride on Instagram, saying that pending regulatory approval, the public will be able to take a free ride in just a couple of months.