One of my friends was absolutely stoked when she got her Alexa for Christmas last year. She took pride of place on the shelf beside her wall-mounted TV, where she could maximize her listening capability. Over the next few months, Alexa began to sink into the background of her home, almost as another family member. Whenever she needed help remembering the final ingredient of a recipe, or who was in the Six Million Dollar Man, Alexa came to the rescue.
Mastercard (MA.NYSE) joined PayPal (PYPL.Q) and Visa (V.NYSE) with its announced exit from Facebook’s (FB.Q) Libra support group today, leaving the once famed project listing in the wind without a major payment processor to back it.
Social media has been a part of our lives for over two decades now, and it plays a big role in our social organizing. But the biggest companies have gotten too big, and with their size, comes complacency. They think they’re untouchable so they get lazy, and when companies that handle your personal information get lazy, they act irresponsibly.
Facebook’s (FB.Q) Libra project endured another wild setback in France when Finance Minister, Bruno LeMaire, put the kibosh on Zuckerberg’s cryptocurrency dreams.
Facebook (FB.Q) CEO Mark Zuckerberg rolled over and bared his throat in front of the U.S. government yesterday, begging them to lay out regulations for online content.
Mark Carney, the governor of the Bank of England, proposed an overhaul of the global financial system in favour of a stablecoin like Facebook’s (FB.Q) Libra, today.
Facebook’s (FB.Q) stock price has cratered by more than $20 in the past two months on the back of privacy scandal after scandal. We can now add to that the amount of class-action lawsuits presently in various stages of litigation, but somehow this company keeps on keeping on.
Originally, Satoshi Nakamoto intended Bitcoin to act as a hedge against the greed and incompetence of central bankers, which he saw as central to most of the economic woes of his time. Remember, of course, that Bitcoin was created during the aftermath of the 2008 housing crisis market meltdown.