Underestimate Facebook Crypto at Your Own Peril

When it comes to what’s gone wrong with Big Tech, the only surprise you would expect is if Facebook was missing from the list. From data privacy violations to aiding genocide to enhancing the spread of fake news, the social media giant has become a global ignominy.

But for Facebook, those are trivial inconveniences, and the social media giant is now eyeing the financial services niche. The $0.5 trillion company has already confirmed plans to launch a cryptocurrency known as Libra and has reportedly invited Visa, Mastercard, PayPal, and Uber to invest $10 million
each in the effort.

Reference: https://www.ccn.com/op-ed/remember-myspace-underestimate-facebook-crypto-at-your-own-peril/2019/06/15/

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