Mark Zuckerberg arrived on Capitol Hill Wednesday ready to discuss Facebook’s proposed digital currency, Libra. Congress took the opportunity to grill him on everything else.
“As I have examined Facebook’s various problems, I have come to the conclusion that it would be beneficial for all if Facebook concentrates on addressing as many existing deficiencies and failures before proceeding any further on the Libra project,” said House Financial Services Committee Chairwoman Rep. Maxine Waters in kicking off the hearing on Wednesday.
Rep. Waters proceeded to run down a list of Facebook’s many unresolved issues, such as foreign interference in U.S. elections through disinformation campaigns on the platform from countries like Russia and Iran and the company’s fact-checking processes. Read more...
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