ZUCKERBERG GRILLED IN US CONGRESS
Publish Date : 2019/10/24 - 05:19

ZUCKERBERG GRILLED IN US CONGRESS


Facebook CEO Mark Zuckerberg conceded on Wednesday that the company's planned digital currency Libra was a "risky project," but sought to reassure skeptical U.S. lawmakers that it could lower the cost of electronic payments and open up the global financial system to more people.

Sporting a suit and tie, Zuckerberg also fended off aggressive questions on election interference, free speech, hate groups and fake news from members of the U.S. House of Representatives Financial Services Committee.

Representative Maxine Waters, the panel's fiery Democratic chair suggested policymakers should consider breaking up Facebook.

Source:investing

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