Tag: Libra (Currency)

How to Stay Financially Stable When the World Might Be Falling Apart

Unfortunately, rising markets aren’t necessarily great indicators of a healthy economy. After Jerome H. Powell, the Federal Reserve chair, suggested this month that the Fed would cut interest rates, the stock market hit new highs. That buoyed investments, but signs of slowing economic growth persisted, as did the fear that it may be too late […]

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Facebook Dodged a Bullet From the F.T.C. It Faces Many More.

LONDON — After Facebook was hit on Friday with a fine of around $5 billion for privacy violations, critics immediately said it escaped largely unscathed: The settlement neither bruised its bottom line nor severely restricted its ability to collect people’s data. Yet even if the Silicon Valley company dodged that bullet, its pain was just […]

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Regulators Have Doubts About Facebook Cryptocurrency. So Do Its Partners.

SAN FRANCISCO — One of the biggest selling points of Facebook’s ambitious plans for its new cryptocurrency, Libra, was that the social media company had 27 partners, including prominent outfits like Visa, Mastercard and Uber, helping out on the project. But some of those partners are approaching Libra warily. They signed nonbinding agreements to join […]

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The Real Reason for Facebook’s New Cryptocurrency

Facebook says its new cryptocurrency, Libra, is a tool for financial inclusion and disrupting the world’s cumbersome payment systems. In reality, there is a deeper motivation behind it, although not the one its critics imagine: Libra is the last, best hope to re-establish trust between Facebook and the world. Facebook harnessed billions of users to […]

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