Meta joining the Crypto Payment Space and Gas has hit a National Average of $4+ in all 50 States
Uniic Media Newsletter - Thursday - May 19, 2022
Meta Files 5 Trademark Applications for Possible Crypto Exchange
Meta filed trademark applications that suggest the company could be developing its own cryptocurrency trading platform.
According to tweets from veteran trademark lawyer Josh Gerben, Mark Zuckerberg’s firm submitted five applications in the U.S. for the so-called “Meta Pay” service.
Included in the fillings are details regarding a platform that offers trading facilities for digital assets and blockchain-powered tokens. The service could also venture into investment management and virtual asset lending.
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United States Embassy Reopening in Kyiv
The United States has reopened its embassy in Ukraine’s capital, three months after fears of what became a brutal Russian invasion prompted its closure.
The decision to send a small contingent of U.S. diplomats back to Kyiv as part of a soft reopening of the embassy is intended to signal that the United States stands with Ukraine against Russia. It is a move U.S. lawmakers from both parties, as well as Ukrainians, have been hoping to see for weeks. But Biden administration officials had hesitated, in large part due to ongoing security concerns, even as other countries reopened their missions.
For the First Time Ever, Average Gas Prices are above $4 in all 50 states
For the first time ever, every U.S. state now has an average gas price above $4 per gallon, according to data from AAA.
As of Monday, there were only three states with a gas price average below $4 per gallon (Kansas, Oklahoma, and Georgia) but by yesterday, those three states crossed the $4 threshold. AAA data shows that as of yesterday, Kansas’ average price is $4.03, Oklahoma’s is $4.03, and Georgia’s is $4.12.
California has set a new record of having an average gas price above $6 per gallon. The state’s average as of yesterday is $6.05, according to AAA.
Tesla has been removed from the S&P 500 ESG Index
Index provider S&P Dow Jones Indices has removed Tesla from its widely-tracked S&P 500 ESG Index, citing issues related to claims of racial discrimination and crashes of Tesla’s autopilot vehicles. The decision prompted a harsh response from Tesla CEO Elon Musk.
According to S&P Dow Jones Indices, Tesla has failed to provide sufficient details relating to the company’s low-carbon strategy and codes of business conduct. Margaret Dorn, head of ESG Indices at S&P Dow Jones, cited this as a contributing factor to the index provider’s recent decision. "You can't just take a company's mission statement at face value, you have to look at their practices across all those key dimensions," stated Dorn. Dorn cited the lack of accurate disclosures and reporting procedures as a significant risk to the company’s ESG-related outreach to investors.