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PayPal launches its 'super app' combining payments, savings, bill pay, crypto, shopping and more – TechCrunch

PayPal launches its 'super app' combining payments, savings, bill pay, crypto, shopping and more – TechCrunch
techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.

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Facebook Launches New Push to Boost COVID-19 Vaccine Messaging Within Vulnerable Communities

As the COVID-19 vaccine roll-out continues to gain momentum, Facebook is looking to use its reach to promote vaccine information to the most impacted communities, with a specific focus on those that may have limited exposure to vaccine info.
First off, Facebook is donating $5 million to Go Give One, a COVID-19 fundraising campaign created by the World Health Organization Foundation.
As explained by Facebook:
The campaign calls on everyone to play their part in helping to vaccinate the world, with the money raised going to an international fund called COVAX (COVID-19 Vaccines Global Access). We’ll do this by donating the first $20 into Facebook Fundraisers created for the United Nations Foundation beginning April 28 in the United States, United Kingdom, Germany and Norway. ....

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Pandemic, Protests, Presidency Drove Online Donations

Pandemic, Protests, Presidency Drove Online Donations
April 21, 2021
Hunger and poverty nonprofits drove massive growth experienced in online revenue for charities during 2020 as COVID-19 played a role in fundraising expansion across channels, whether it was online, email or social media.
Online revenue grew by 32% in 2020, including a 173% increase among hunger and poverty groups, compared to the previous year, according to data in the latest M+R Benchmarks Report, released today. Facebook Fundraisers accounted for more than 1.3% of online revenue.
Nonprofits that provided COVID relief, either directly or through advocacy, saw a 40% increase in online revenue compared to a 22% increase for those that did not do COVID work. The difference was driven by a surge in one-time giving to COVID response nonprofits. Those organizations reported a 41% increase in one-time revenue, while non-COVID response nonprofits saw one-time revenue rise by 21%. ....

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Teacher Who Raised More Than $40,000 to Help People During Pandemic is Hit With $16,000 Tax Bill

Updated: 10:36 AM PDT, April 20, 2021
Louis Goffinet had no clue that he would have to pay taxes on all of the money he raised through Facebook Fundraiser.
A teacher in Connecticut raised more than $40,000 for families affected by COVID-19, but now he’s paying for it – literally. Louis Goffinet, 27, started a Facebook campaign to help families with food and rental assistance and was able to raise $41,000, through Facebook Fundraisers, but now he’s been hit with a tax bill of $16,000, CBS News reported.
After consulting with several tax professionals, the unanimous consensus seems to be that I am responsible for paying income tax on the funds I was able to raise through Facebook, Goffinet wrote in a Facebook post. ....

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Connecticut man owes $16,000 in taxes after Facebook covid fundraiser

Louis Goffinet, a middle school science teacher in Connecticut, said he never thought his volunteer grocery effort would get so big. ....

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