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Libra: Mark Zuckerberg testifies before Congress about embattled cryptocurrency - live

23 days ago   |   By The Guardian

Facebook CEO faces growing pushback from legislators over plans to develop alternative payment system Analysis: how the wheel's came off Facebook's Libra project 3.34pm BST House Financial Services Committee Chairwoman Maxine Waters grills Zuckerberg on the company's decision not to remove false advertisements from politicians. “From a business perspective, the very small percent of our business that is made up of political ads does not come anywhere close to justifying the controversy that this incurs for our company,” Zuckerberg said. “So this really is not about money. This is on...
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Lawmakers are about to grill Mark Zuckerberg about the big plan Facebook created to upend the way we send money around the globe

Lawmakers are about to grill Mark Zuckerberg about the big plan Facebook created to upend the way we send money around the globe

23 days ago   |   By Business Insider

Facebook CEO Mark Zuckerberg will testify before the House Financial Services Committee on Wednesday to answer questions from lawmakers about its ambitions in the finance sector through the Libra currency it announced earlier this year.
The hearing comes after key partners like Paypal, Visa, and Mastercard backed out of the project earlier this month following heavy scrutiny of the project from lawmakers.
In his opening testimony, Zuckerberg reiterated that the company will not support launching the Libra system at all until all regulatory concerns have been met.
He also said that he...
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Facebook CEO Mark Zuckerberg is about to testify in front of Congress for the first time in over a year - here's how to watch

Facebook CEO Mark Zuckerberg is about to testify in front of Congress for the first time in over a year - here's how to watch

23 days ago   |   By Business Insider

Facebook CEO Mark Zuckerberg is facing questions from lawmakers on Wednesday in a publicly streamed hearing.
Zuckerberg faces the US House of Representatives Committee on Financial Services in a meeting titled, "An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors."
It's his first time answering lawmakers' questions in a public forum since April 2018, when he defended Facebook in the wake of a series of events where Facebook mishandled user data.
Visit Business Insider's homepage for more stories.
Facebook CEO Mark Zuckerberg is scheduled to appear in...
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