Morning Beat: Twitter Inc (TWTR), Facebook Inc (FB), and SAMSUNG ELECTRONIC KRW5000 (SSNLF)

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Twitter Inc (NYSE:TWTR) has rewarded outspoken T-Mobile, CEO, John Legere, with his own emoji in a move that continues to elicit mixed reactions. Angered with the move, some are already questioning whether it was right to reward a CEO of a company that has not been forthcoming in terms of corporate responsibility.

The fact that Legere did not have to pay for his emoji as the likes of OneDirection and the Batman vs. Superman movie is also not going well with some people. By simply typing hashtag #tweetjohn, a grinning photo of Legere appears on the social networking platform.

Mounting pressure may force Twitter Inc (NYSE:TWTR) to justify its decision on the release of the emoji.

Facebook Inc (NASDAQ:FB) messaging app, Messenger, could soon allow users to pay for goods in online stores. The giant social network is reportedly working on a new feature that includes commands such as ‘pay in person’ and ‘Pay directly in Messenger’.

First spotted on iPhone Facebook Messenger app; the code suggests Facebook Inc (NASDAQ:FB) is working on a new in-store purchasing method. Sending money on the messaging app is possible at the moment, but the company could be looking to venture more into payments.

Rumors about a payment tool come as a surprise as CEO, Mark Zuckerberg, said they were not planning to launch a payments product in January.

Facebook Inc (NASDAQ:FB) has patched a vulnerability on its photo-sharing app, Instagram, which left nearly one million users at risk of potential attacks. The vulnerabilities provided a gateway for hackers to alter email addresses linked to Instagram accounts. By doing so, one would be able to carry out password reset via email.

Hackers could also be able to change phone numbers to the vulnerable accounts. Belgian security researcher Arne Swinnen was the one who discovered the vulnerability. Facebook Inc (NASDAQ:FB) has since awarded him $5,000 as part of its bug bounty program. The problem affected four percent of active Instagram accounts in a locked state.

SAMSUNG ELECTRONIC KRW5000 (OTCMKTS:SSNLF) has officially launched its mobile payment service, Samsung Pay, in China. The launch comes on the Korean company inking an agreement with local vendor UnionPay, which is to offer support on card payments.

The mobile payment service will support debit and credit card payments from nine institutions at the start. China’s smartphone market presents SAMSUNG ELECTRONIC KRW5000 (OTCMKTS:SSNLF) a huge business opportunity on mobile payments. Last year mobile payment systems in the country handled transactions worth $2.8 trillion, representing a 254% year over year growth.

Samsung will have to shrug off stiff competition on its pursuit of market share. Apple Pay, which made its debut, last month poses the biggest threat to Samsung Pay, given the number of iOS devices in the hands of people.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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