WASHINGTON - Facebook Inc CEO Mark Zuckerberg sought to reassure skeptical U.S. lawmakers on Wednesday that the company’s planned digital currency Libra would be a force for good that could reduce costs for electronic payments and help more people participate in the global financial system.
Representative Maxine Waters, the panel’s fiery Democratic chair, had previously called for the Libra project to halt its planned 2020 launch, and has drafted legislation that would bar tech companies from entering financial services. Libra has faltered in recent weeks amid sustained criticism from lawmakers and regulators over fears it may aid money laundering and upend the global financial system. Several financial partners including Mastercard, Visa, PayPal and eBay have abandoned the project.
Zuckerberg acknowledged Facebook’s mistakes but said they should not stand in the way of Libra, based in Switzerland, which would help reduce the cost of global payments.
Just more fake currency like Bitcoin & the others.
Maybe he could use Libra to pay for a decent haircut.
God He looks MF 'FINE'; on a sexy scale of a 1-MF,10; I'd give him a 10...………..
This guy seems like an honest actual human and not a creepy robot. I can’t wait to change all my moneys into Facebucks!
Will somebody please throw a banana cream pie in his face.
Everything Zuckerberg says is a lie. He could say the sun is shining while we’re outside and I’d still double check by looking into the sky.
I don't trust him. Major partners have pulled out of the LIBRA project, which means the project has lost its credibility. Why insist? What good is he making for whom? This guy doesn't even care who's going to win the 2020 election. What is he actually fighting for?
He also proved that his organisation curates and dictates the direction it wants its users to go or things they must believe.
wow, he so stole the facebook idea from people way smarter than him.
He should resign, he’s a traitor
“Libra in the Calibra”
Translation: Facebook revenue has topped and our platforms are declining. We are desperate.
How much does he need to control? Wow.
Digital currency is not a problem for the general public at all.. its a threat to the established banking system..
A force for good? Based on their famed historical 'goodness'. S'not tho' is it?
Thabooty.
Lol... same way he thinks his friend PeteButtigieg would be a force for good. So much so he's volunteered as a recruiter for the Pete campaign
Politics FuckZuck DeleteFacebook Foxbook
Hed sell all of you out in a heartbeat. If any of them are on facebook, hes already made his money off of you
Mark. Stop. Take a breath. Look at the concerns of your clientele. And I do not mean your advertisers. You can do this...
reuters peteschroeder I'm not sure anyone felt reassured. You might want to fix your headline.
What the hell is this headline? “Reassures”? That’s propaganda horseshit. He’s defending and flailing, not “reassuring” anything.
Can we delete Facebook in one click yet?
nationalize facebook & ALL social media now! answercoalition
“Your money, like your democracy, is safe with Facebook,” he said.
Great job Mark
Assurances from Zuckerberg. That's the scariest Halloween tale of 2019 Facebook creepy
Of course he does. 'Nothing to see here...'
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NPR Choice pageNonsense! Can everyone please just delete your Facebook account now. BS. Zuckerberg is a Russian troll and Asset.
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