Zuckerberg faces grilling on Facebook's ambitious digital currency plans

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

Facebook Inc chief executive Mark Zuckerberg will be grilled by lawmakers over the company's plan to launch a digital currency and efforts to ...

WASHINGTON: Facebook Inc chief executive Mark Zuckerberg will be grilled by lawmakers over the company's plan to launch a digital currency and efforts to prevent foreign election interference when he appears before a Congressional panel on Wednesday.

He is also likely to be quizzed on the company's steps to combat misinformation and voter suppression ahead of the November 2020 U.S. presidential election. That scandal badly damaged Facebook's image in Washington and has compounded worries among lawmakers that the social media giant cannot be trusted to launch a global digital currency to its 2.4 billion users.

She has called on Facebook to halt its planned 2020 launch and has drafted legislation that would bar tech companies from entering financial services.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Zuckerberg to tell Congress Facebook is 'not the ideal messenger' for Libra currencyFacebook Chief Executive Mark Zuckerberg plans to acknowledge before Congress that Facebook is not the 'ideal messenger' for its Libra ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Libra digital coin is key for 'America's financial leadership', says Facebook's Mark ZuckerbergWASHINGTON (AFP) - Facebook's proposed digital coin Libra would 'extend America's financial leadership' while helping cash-strapped people around the world, chief executive Mark Zuckerberg said in remarks for delivery to lawmakers released on Tuesday (Oct 22).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

The Straits Times @STcomTHE BIG STORY: HK extradition bill withdrawn | Indonesia’s new Cabinet | Singapore to lead digital trade efforts | Katong families affected by SLA restoration plans
Source: The Straits Times - 🏆 8. / 63 Read more »

Fintech Revolut to launch in the US by year-end with Mastercard dealDigital banking app Revolut is set to begin issuing its cards in the United States by the end of this year via a partnership with payments company ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

‘Watchmen’ Series Premiere Is HBO’s Most-Watched Debut on Digital Platforms Since ‘Westworld’The series premiere of Damon Lindelof’s “Watchmen” put up more than a good fight for HBO on Sunday. The debut of the sequel series based on Dave Gibbons and Alan Moore’s iconic graphic novel scored 1.5 million multiplatform viewers across HBO’s platforms, including HBO, HBO Now and HBO Go, last night.The
Source: YahooSG - 🏆 3. / 71 Read more »

Facebook suspends Russian Instagram accounts targeting US votersA network of Instagram accounts operated from Russia has targeted Americans with divisive political messages ahead of next year's U.S.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »