Reina B

Facebook's payment platform changes its currency. The social network's virtual currency, called "credits," will soon be defunct and people can pay in their local currency. The company reported a net loss of $66.84 million, or 79 cents per share, compared to a loss of $22.05 million, or 27 cents per share, a year earlier. The philanthropic branch of the Coca-Cola Company recently awarded $7.4 million for education, including $5 million for first generation college scholarships across the country. CSULB officials are now in the process of selecting the first cohort of first generation students, who will receive the award. . Despite this being a seemingly straightforward notice, a lot can be read into this plan. Adjusted for the deferral of digital revenue and other items, the company said its loss was $50.94 million, or 60 cents per share, compared to a loss of $14.42 million, or 18 cents per share, a year ago. The Coca-Cola Foundation will award 32,639 scholarships nationwide, with 255,000 students benefiting from education programs. CSULB was one of 169 colleges and other schools to receive grant support, officials said.

Coca Cola

http://www.gazettes.com/news/education/coca-cola-foundation-offers-first-generation-scholarships-to-csulb-students/article_3dd1b370-bb06-11e1-8d45-0019bb2963f4.html

(Accessed June 20, 2012)

Take Two

http://www.reuters.com/article/2012/05/22/us-taketwo-idUSBRE84L19N20120522

(Accessed June 20, 2012)

Facebook

http://news.cnet.com/8301-1023_3-57456618-93/facebooks-payment-platform-changes-its-currency/

(Accessed June 20, 2012)