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Facebook, PetSmart Lead Giving Tuesday For Social Spin On Holiday Shopping

PYMNTS

The first Giving Tuesday officially kicked off in 2012, the product of a collaboration between the 92nd Street Y in New York and the United Nations Foundation in the hope that several days of purchasing for themselves and their loved ones would inspire consumers to give back more broadly.

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Infographic: Microsoft’s Biggest Acquisitions

CB Insights

Yammer ($1.2B, 2012) was a private social network for businesses that allowed users to share ideas, collaborate on projects, ask questions, and solicit feedback. Microsoft has spent over $63B for its top 10 deals (roughly 7% of its current market cap ). It is now known as Microsoft Development Center Norway. KEY TAKEAWAYS .

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IBM Chief To Exit Role After Sluggish Growth

PYMNTS

She will stay on board at IBM through the end of the year, which will cap a near four-decade career with IBM overall. She took on the CEO role in 2012 at a difficult time for the company. IBM CEO Ginni Rometty is stepping down after an eight-year tenure in which the tech giant struggled to grow at the same rate as its competitors.

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Virginia Sues Online Lender Over Consumer Loans

PYMNTS

According to the lawsuit, NetCredit provided loans to over 47,000 Virginians going back to 2012. The suit also alleges that NetCredit ran afoul of the state’s usury cap of 12 percent. The study examined data from TransUnion that identified about 90,000 customers who had taken out an online loan between 2007 and 2012.

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Bitcoin Halving to Strengthen the Crypto’s Longevity as Industry Reveals Impact of the Event

The Fintech Times

Especially as it has a limit of 21 million, and the more people want to mine it, the sooner it will hit this cap. As a result, when roughly 210,000 blocks had been added, Bitcoin underwent its first halving in November 2012. However, this high of a reward was unsustainable going forward. The reward for each block dropped to 25 BTC.

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Bitcoin’s Big Halving Countdown And ‘Long Tail Risk’

PYMNTS

When bitcoin was first released, a cap was placed on how many bitcoin could ever be produced. 28, 2012, when the mining reward was cut from 50 to 25. 10.5B | Bitcoin’s estimated market cap. And for now, what the researchers have concluded is that bitcoin isn’t quite ripe for the mainstream market.

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Periodic Table Of Rare Disease Treatment: 100+ Companies & Investors Focused On Curing Rare Disorders

CB Insights

Governments are also incentivizing companies to research these less-studied areas: receiving Orphan Drug Designation gives companies developing treatments for rare diseases a minimum of 7 years of market exclusivity in the US and 10 years in the EU. The combined entity, known as Shire, has a market cap north of $50B. by Alexion ).