Why every Libra member’s mutiny hurts Fb

There’s a strategic price to the defection of Visa, Stripe, eBay, and extra from the Fb-led cryptocurrency Libra Affiliation. They’re no longer simply names shedding off an inventory. Each and every probably made Libra extra helpful, ubiquitous, or respected. Now they may develop into hindrances to the token’s release or g…
There’s a strategic cost to the defection of Visa, Stripe, eBay, and more from the Facebook-led cryptocurrency Libra Association. They’re not just names dropping off a list. Each potentially made Libra more useful, ubiquitous, or reputable. Now they could become obstacles to the token’s launch or g…

Original article
Original article
Author: Josh Constine

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Josh Constine has recently written 11 articles on similar topics including :
  1. "Facebook is suffering from a massive bug in its News Feed spam filter, causing URLs to legitimate websites including Medium, Buzzfeed, and USA Today to be blocked from being shared as posts or comments". (March 18, 2020)
  2. "After eBay, Visa, Stripe, and other high-profile partners ditched the Facebook -backed cryptocurrency collective, Libra scored a win today with the addition of Shopify". (February 21, 2020)
  3. "Shareholders have repeatedly tried to oust Facebooks chairman Mark Zuckerberg. The board has repeatedly rejected that demand. Outside investors are unlikely to get much help with that push from Facebooks newest board member: Dropbox co-founder and CEO Drew Houston". (February 3, 2020)
  4. "Facebook has diverted from its policy of not fact-checking politicians in order to prevent the spread of potentially harmful coronavirus misinformation from Brazilian President Jair Bolsonaro". (March 31, 2020)
  5. "If I watch a Story cross-posted from Instagram to Facebook on either of the apps, it should appear as watched at the back of the Stories row on the other app". (January 23, 2020)
  6. "Permitting falsehood in political advertising would work if we had a model democracy, but we don’t. Not only are candidates dishonest, but voters aren’t educated, and the media isn’t objective. And now, hyperlinks turn lies into donations and donations into louder lies. The checks don’t balance". (October 14, 2019)
  7. "Facebook wants more people to know it owns Instagram, WhatsApp, and Oculus while still maintaining a distinct identity for its main app". (November 4, 2019)
  8. "Facebook may make it easier to escape its ranking algorithm and explore the News Feed in different formats". (February 18, 2020)
  9. "Facebooks internal Supreme Court cant set precedents, cant make decisions about Facebook Dating or Marketplace, and cant oversee WhatsApp, Oculus, or any messaging feature, according to the bylaws Facebook proposed today for its Oversight Board". (January 28, 2020)
  10. "Its suspiciously convenient that Facebook already fulfills most of the regulatory requirements its asking governments to lay on the rest of the tech industry". (February 17, 2020)
  11. "$28 million-funded crypto startup Tagomi will be the newest member of the Libra Association that governs the Facebook-backed Libra stablecoin, TechCrunch has learned. A formal announcement of Tagomi joining was slated for Friday or next week". (February 26, 2020)
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