Can Facebook's Libra cryptocurrency survive the exodus?

Credit to Author: Lucas Mearian| Date: Wed, 16 Oct 2019 12:00:00 -0700

After the withdrawal of seven of the 29 founding members of the Libra Association, the governing council for Facebook’s planned global cryptocurrency, the project’s fate  looks increasingly uncertain.

PayPal, Visa, Mastercard, eBay, Stripe, Mercado Pago and Brooking Holdings have backed away from participation on the Libra Association; their hands were forced when  all members met Monday in Switzerland for formalize their commitment to the project.

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What the FTC’s $5 billion fine really means for Facebook | TECH(feed)


Last week, the Federal Trade Commission hit Facebook with a $5 billion fine for mishandling user data. The fine comes after the FTC’s investigation following the Cambridge Analytica scandal. On this episode of TECH(feed), Juliet discusses the implications of this fine — and how Facebook may (or may not) change its practices.

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