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This week’s top business news

1️⃣ Facebook, Instagram, and Whatsapp experienced the most serious global outage in three years. Some analysts believe the disruption cost Facebook more than six billion dollars. Its stock is down more than 5 percent

2️⃣ The Irish government announced the signing of an international agreement created by the Organization for Economic Cooperation and Development (OECD). This will entail an increase in income tax for large multinationals from 12.5% to a minimum of 15%

3️⃣ CEO of analytical company CryptoQuant Ki Yong Ju reported that large holders of cryptocurrency bought bitcoins for $1.6 billion in 5 minutes. According to him, the volume of liquidation of short positions after the first cryptocurrency rose to $55.5 thousand was only $17 million. This looks more like a large purchase of “whales” rather than a cascade liquidation of short positions, Ki Yong Ju noted

4️⃣ Facebook founder Mark Zuckerberg’s fortune fell 5.11%, or $6.3 billion, amid a global disruption of the company and its social media sites, according to Forbes’ real-time billionaire ranking, which is updated

Joseph Andrew

I am an alumnus of the University of British Columbia who has spent more than eight years honing my writing and researching skills. Since 2013, I have been providing outstanding professional writing services for some financial newspapers. I am a thorough reader and researcher with a passion for creativity, and I love writing with accuracy and originality. I pay attention to every detail, and I believe in quality that brings the desired outcomes. My work is always original and adheres to scientific best practices without compromising on the quality and value to the reader.

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