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BUSINESS_ The New Humble Facebook Is Playing With Fire in Washington

THE WALL STREET JOURNAL

BUSINESS  -  ON BUSINESS


The New Humble Facebook Is Playing With Fire in Washington

The social media giant needs to find a more convincing way of saying ‘oops, my bad’ as it seeks approval of a new cryptocurrency


By John D. Stoll
July 19, 2019 11:20 am ET


Facebook Inc.’s David Marcus went to Washington this week to defend the company’s plan to launch its Libra digital money. After more than a year of seeing Facebook executives appear in public to ask forgiveness, Mr. Marcus was out to ask permission.

The humble-pie approach didn’t work. It was immediately apparent politicians on both sides of the aisle were wondering the same thing: If Facebook can’t be trusted with my summer vacation photos, how is it responsible enough to handle cryptocurrency?

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READ MORE: https://www.wsj.com/articles/the-new-humble-facebook-is-playing-with-fire-in-washington-11563549658



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