"Facebook unveils blockchain-based Libra currency to empower billions globally," said J.P. Morgan analyst Doug Anmuth who also reiterated Facebook as his best idea in the internet space.
"We came into 2019 with the view that mega-cap internets, and Facebook in particular, would need to increasingly diversify their businesses and revenue streams, " he said. "We believe Libra can accelerate that diversification for Facebook as it creates engagement beyond social and communications, and facilitates commerce across the platform.
However, while analysts at SunTrust said this move was a, "positive," they also cautioned this will take some time. "This is an initiative that will take several years to develop, and will require consensus among the dozens of global participants to create a real movement, which will require time, negotiating skills, leadership and patience ," they said.J.P. Morgan - Overweight rating
"Facebook Unveils Blockchain-Based Libra Currency to Empower Billions Globally; Potential L-T Driver of Engagement & Commerce...We came into 2019 with the view that mega-cap Internets, and Facebook in particular, would need to increasingly diversify their businesses and revenue streams. We believe Libra can accelerate that diversification for Facebook as it creates engagement beyond social and communications, and facilitates commerce across the platform.
Source: Digital Coin News (digitalcoinnews.net)
Is he implementing this in Facebook? You know like 'hey, this is my intellectual property?'
There is a fine line between 'empower billions' and 'controlling billions'...
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