The Zacks Analyst Blog Highlights: Facebook, International Business Machines, Microsoft, SAP And Accenture
Zacks Investment Research | Oct 15, 2019 11:19PM ET
For Immediate Release
Chicago, IL –October 16, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Facebook (NASDAQ:FB) , International Business Machines (NYSE:IBM) , Microsoft (NASDAQ:MSFT) , SAP SE (NYSE:SAP) and Accenture (NYSE:ACN) .
Here are highlights from Tuesday’s Analyst Blog:
Blockchain to Gain Impetus as Facebook Moves Ahead with Libra
Facebookis going ahead with its plans regarding Libra, its global digital currency, despite the shrinking partner base.
Notably, founding members including Mastercard (NYSE:MA), Visa (NYSE:V), PayPal, eBay (NASDAQ:EBAY), Stripe and Mercado Pago, have decided to drop out, apparently due to stern regulatory scrutiny.
Nonetheless, the remaining 21 partners, comprising Coinbase, Uber (NYSE:UBER), Spotify (NYSE:SPOT), Vodafone (LON:VOD), Lyft (NASDAQ:LYFT), among others, recently inked a deal in Geneva to be part of the Libra Association — the governing body of Libra.
Notably, per the new charter, members have the liberty to leave the association at any time.
Libra’s Attempt to Democratize Blockchain Holds Promise
Tech companies including Facebook are exploring every avenue to unlock the potential of blockchain and revolutionize the functioning of industries including payments, banking, retail, healthcare, logistics, utility and transportation.
Blockchain is much faster than legacy technologies in completing a transaction due to the absence of manual processing or authentication by intermediaries as it utilizes a distributed consensus.
Moreover, the system is anticipated to be incorruptible and meant to provide unaltered information. Consequently, the possibility of monetary losses is low with minimal chance of double counting and hacking.
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