Here's what you need to know about Facebook's controversial ... | cryptocurrency facebook
FacebookanditspartnersplantolaunchLibra,anewglobalcryptocurrency.GettyImagesFacebook[1] isntgettinganyloveforLibra.Thesocialnetworkanditsplanned cryptocurrency[2] haveenduredawitheringmonthaspartnersboltfromtheproject[3],detailsstarttoshift[4]andlegislatorsampuptheircriticismofthe ambitiousplans[5].TheconcernsreachedacrescendoonWednesday,whenakeyUScommitteelaidintoCEO MarkZuckerberg[6],usingLibraasevidenceofwhattheysawasthecompanyscavalierattitudetowardeverythingfromdatabreachestomisleadingp...
Facebook and its partners plan to launch Libra, a new global cryptocurrency.
Getty ImagesFacebook[1] isnt getting any love for Libra. The social network and its planned cryptocurrency[2] have endured a withering month as partners bolt from the project[3], details start to shift[4] and legislators amp up their criticism of the ambitious plans[5]. The concerns reached a crescendo on Wednesday, when a key US committee laid into CEO Mark Zuckerberg[6], using Libra as evidence of what they saw as the companys cavalier attitude toward everything from data breaches to misleading political ads.
"As I have examined Fa...