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Transcripts for BBCNEWS BBC News 20211102 09:54:00

the company behind facebook and instagram has removed more than a thousand fake accounts in nicaragua which investigators say were part of a government disinformation campaign. the newly named meta company said those who ran the accounts included staff at the telecomms regulator and the supreme court. president daniel ortega is standing for a fourth consecutive term in elections on sunday. the value of a cryptocurrency inspired by the popular netflix series squid game collapsed on monday less than two weeks after investors could start buying tokens. the tokens had by then gained more than 310000% in value. suranjana tewari in our asia business hub is following the story. the token was called squid and the reason it really attracted attention was because the price soared in recent days,

Transcripts for BBCNEWS World Business Report 20211102 05:43:00

division of elon musk s rocket company spacex has registered its business in india, as part of plans to launch internet services there. the next step is to apply for the licences it needs before it can start providing broadband to households and businesses. starlink is one of a growing number of private companies launching small satellites to provide internet services around the world. another of those companies is amazon which is now seeking approvalfrom us regulators to launch two prototype satellites by the end of next year. the tech giant says it s an important step in its $10 billion plan to build a network of more than 3,200 low earth orbit satellites that will provide broadband to tens of millions of people around the world. the value of a cryptocurrency inspired by the popular netflix series squid game collapsed on monday less than two weeks after investors could start buying tokens. the tokens had by then gained more than 310,000% in value. suranjana tewari in our

Transcripts for BBCNEWS World Business Report 20211102 05:45:00

live next month. as you mentioned, it was inspired by the popular korean series which is based on a deadly game. but experts say there were a number of signs that this was a scam from the very beginning. gizmodo said that potential investors should be warned, mainly because the now defunct website was filled with spelling errors. social media accounts promoting the digital asset have now disappeared and another big red flag was that investors could only buy it, not sell squid. this is being called something called a rug pull which means the cryptocurrency creators cashed out coins in exchange for real money quickly and that devalues the cryptocurrency s value. 0ne expert bbc spoke to said this can be quite common in the crypto world especially when there is little regulation. squid game of causes netflix s

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