Welcome to the Tech Mem Right Home for Wednesday, January 26, 2022.

I'm Brian McCullough.

Today is Mark Zuckerberg abandoning his crypto dreams and looking to sell off Diem.

The IMF is suddenly suggesting El Salvador abandoned Bitcoin.

Microsoft is going to play nice with Activision exclusives for now.

Mark your calendars for the next Samsung event and has YouTube figured out how to beat

Tic-Toc at its own game.

Here's what you miss today in the world of tech. As I said on Twitter last night I can't remember if this is a

wager that has paid off or not. I can't remember what wagers we still have running. I can't remember what wagers we still have running I can't remember what we talked

about day to day even yesterday even an hour after I published this show but let's

say I definitely at one point had in mind the idea that the original Facebook crypto project might never see the light of day.

And sources are telling Bloomberg that the Meta-backed Diem Association is talking to investment bankers about selling its IP

to return capital to investors and give its engineers a new home.

Diem was once called Libra and you know Meta was once called Facebook anyway.

Quote,

DM is in discussions with investment bankers about how best to sell its intellectual property

and find a new home for the engineers who developed the technology,

cashing out whatever value remains in its once ambitious DM coin venture, said the people

asking not to be identified because the discussions aren't public. In 2019, when Meta's Facebook first unveiled the idea of its stable digital currencies,

stable coins, aimed at revolutionizing global financial services,

they did so in collaboration with dozens of other

companies. But the consortium wasn't enough to protect the project from worldwide

...