Judd Legum

@JuddLegum ↗

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Last Checked Feb. 20, 2020

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Wed Jun 19 13:33:39 +0000 2019

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Judd Legum @JuddLegum

6. Facebook also created a subsidiary, Calibra, that will collect all the data about people's financial transactions It says it won't share the data with itself without the customer's "permission" Translation: It can use the data for ad targeting https://t.co/vFww76Jp6l — PolitiTweet.org

Posted June 19, 2019 Hibernated

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Judd Legum @JuddLegum

5. Facebook claims this isn't a power grab because Libra is operated through a foundation that it (eventually) will not control. But Facebook created this foundation and designed the currency - all to benefit Facebook - before any partners were brought in https://t.co/vFww76Jp6l — PolitiTweet.org

Posted June 19, 2019 Hibernated

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Judd Legum @JuddLegum

7. Final note: There is no indication that any of this is LEGAL Facebook says it's committed to creating a "regulatory environment" that will support Libra Note: This is different than saying it will follow the law https://t.co/vFww76Jp6l — PolitiTweet.org

Posted June 19, 2019 Hibernated