A group of U.S. lawmakers have ordered Facebook CEO Mark Zuckerberg to “immediately discontinue the company’s pilot of Novi” and end its work on the Diem stablecoin project, saying the social media giant cannot be trusted to launch a digital currency. “The Hash” team discusses Facebook’s latest regulatory hurdle.
The metaverse is quickly becoming one of the most trendy buzzwords to put in this year’s pitch deck. Over the next five years, even Facebook CEO Mark Zuckerberg predicts his social media company will transition into a “metaverse company.”
Libra can make it easier for Facebook's users to buy goods advertised on its platform, which would incentivize businesses to buy more ads, CEO Mark Zuckerberg said Wednesday.
Mark Zuckerberg said Facebook wants to build commerce tools for small businesses which use the social media giant's apps, but noticeably avoided mentioning the Libra stablecoin project in his 2030 vision.
Facebook's CEO told lawmakers the company would pull out of the Libra Association if the consortium launched its cryptocurrency without regulatory approvals.