Tag: David Marcus
Facebook’s plan to revolutionize how money works, and why companies and lawmakers are so worried about it, explained in 30 seconds
Libra will be managed by the independent, nonprofit Libra Association and transferred on digital wallet Calibra, a subsidiary of Facebook.
Facebook CEO Mark Zuckerberg is trying to drum up support for the firm’s wild new currency by amping up worries of China’s financial domin...
Facebook CEO Mark Zuckerberg has discussed the Libra cryptocurrency project at length in prepared remarks to the House Financial Services Committee.
Salesforce billionaire Marc Benioff says Facebook should be broken up: ‘They’re after your kids’
In an interview with CNN on Wednesday, Marc Benioff launched a stinging critique of Facebook and called for it to be "broken up."
Facebook’s blockchain boss David Marcus defends the feasibility of Libra after a quarter of its partners drop out
David Marcus says Libra is 'absolutely not' in jeopardy after a swathe of major firms abandoned the Libra Association in the past fortnight.
Facebook’s cryptocurrency isn’t available yet, but scammers are already trying to trick people into buying fake versions of Libra
Facebook is trying to convince lawmakers it can keep its cryptocurrency secure but scammers are already trying to trick people into buying fake coins.
A US congressman is standing by his statement that Facebook’s Libra cryptocurrency will be worse than 9/11
Rep. Brad Sherman compared Facebook's proposed Libra cryptocurrency to 9/11, predicting it would result in more US deaths over time.
A Michigan congressperson said Facebook’s Libra cryptocurrency reminded him of a ‘platypus’ but then decided it was more like a trav...
"What exactly is this? Is it fish or fowl?" Rep. Huizenga asked about the Facebook executive. "It seems it's more of a platypus, to me."
US Congressman Brad Sherman says Facebook’s Libra cryptocurrency ‘may do more to endanger America’ than 9/11
Facebook's plans to create a new digital currency are facing heavy criticism — but this is a whole new level.
Facebook said its Libra cryptocurrency will be regulated by Swiss authorities — but that was news to those Swiss authorities
"Until today we have not been contacted by the promoters of Libra," said the Swiss Federal Data Protection and Information Commissioner.
Facebook’s cryptocurrency plans hit a bipartisan wall of suspicion from US lawmakers: Why should anyone trust Facebook?
Facebook has suffered through two years of scandals, and it doesn't have many friends left in Congress.