Trump Banned From Social Media

After Donald Trump used his social media to incite violence, Mark Zuckerberg decided to block his Instagram and Facebook accounts for at least two weeks. However, after there was still content being posted, his social media will be suspended indefinitely. After making this decision, Zuckerberg said this was necessary as the platforms were being used “to incite violent insurrection against a democratically elected government.”

“We can either stand for free expression… or we can decide the cost is simply too great. We must continue to stand for free expression,” Zuckerberg said. According to TechCrunch, he stated this after news came out proving that internal conversations between Trump supporters talking about the Capitol were shut down.

Now let’s jump into the Week in Tech!

New Opportunities for Fintechs in 2021. 

Fintechs have become stronger after 2020. Not only have they endured but they have also gained higher ground in the business world. Some trends that could be expected in 2021 are:

• New services and new ways of paying, like remote or digital payments.
• The rise of SMEs will drive the use of digital financial services.
• There will be a rise in neobanks subscriptions as processes will be easier and less bureaucratic.

All of these trends represent great opportunities for the Mexican market, but as mentioned in an MBN article, Mexico needs better regulations that would enable the benefits to become a reality.

Bitcoin Reaches Over US$38,000

Cryptocurrencies quintupled in market value over the past year. On Thursday, it was announced that Bitcoin reached the value of US$38,169. This rise, according to CoinGecko, could be due to special strategies that allowed a rise in demand with speculative retail traders, trend-following quantitative funds, rich investors and even institutional investors.

In an article published by El Financiero, there is also mention that even though this is a new level of value in the Bitcoin market, there are still experts that are afraid of a sudden collapse and they also point out that this market is still lacking basic integrity factors.

Amazon’s New Acquisition

In the first stage of Amazon’s new plan, the company bought 11 Boeing 767-300 aircraft to expand its distribution network. In the same announcement, the company mentioned that it would proceed to buy seven airplanes from Delta Airlines and four from WestJet Airlines. By the end of next year, Amazon expects to have an air fleet of at least 85 airplanes. According to El Financiero, this step moves the company closer to depend less on third parties.

Google Has a New Union

Approximately 225 Google employees announced that they were forming the Alphabet Workers Union on Monday, which will be the first one in the company, reported El Financiero. Even though the number of employees is not enough to participate in labor negotiations according to US regulations, it will be actually registered in Communication Workers of America. The decision was made to “ensure that Google workers can demand real changes in the company.” For now, the Alphabet Workers Union will not request official recognition but will function comparably to public-sector unions.