Page 93 - Libra News Today

Business aspirations for libra. the proposed cryptocurrency could change the global system, making it easier to send money cheaply and quickly. >> when you have over 7 billion people that dont have access to digital money, something is wrong. hes also overseeing the digital wallet calibra. why facebook? >> we have distribution, we have two of the largest messaging apps in the world. we also bring a lot of bagsage that we have to be aware of. >> the libra association is a separate governsing body...

And youre running a huge company and you dont even know how many customers you have, what promises youre making to those customers, what youre being sued for, youre not -- youre not capable of running a company with this kind of influence in our society. >> congresswoman, the focus of the hearing was meant to be digital currency, namely libra and the libra association. an importance topic. he -- an important topic. he was asked about that and other issues. listen to the argument he made about wh...

Bit. it is fun watching politicians complain to mark zuckerberg on national television. but he has a point there. america is supposed to be a country of grown-ups and you dont have free speech is supposed to dominate and you cant -- i dont understand this idea that why you would even want facebook in charge of determining what is true and what is not true. >> right. how many politicians lie? the answer is -- the only thing thats 100% in our country. the fact is also that a lot of the political f...

Regular on capitol hill now. he was back after an 18-month absence. i found him more humble, more willing to answer questions and have discussion. of course he came to house financial services to talk about their proposed cryptocurrency. >> right. >> where 2 billion people using facebook would have access to a facebook currency for making payments. >> which is getting hammered right now in europe. theyre battling that everywhere. >> he made a commitment yesterday, which i thought was good. he ma...

His testimony is about to begin over the next several hours, lawmakers will grill him on a host of critical issues, including election interference. zuckerberg expected to face a lot of questions. also about whether or not facebook should censor or allow false political ads to run on its platform. our tech reporter is all over there. this, i mean, he actually did a good job last time he testified. he impressed miami. right? remember the last time he was on the hill. the questions now to him, tho...

Problematic. you dont need a quid pro quo for an impeachable offense but youve got one here supported by the evidence. >> molly ball, michael gerhardt, thank you. well see what the rest of wednesday brings. still ahead, a brand-new poll shows biden with his biggest lead since april in the 2020 democratic field. well break down the numbers. were moments away from the opening bell on wall street. so far futures indicating a flat start. corporate earnings news from boeing coming in. investors w...

Of its digital currency known as libra. zuckerberg will say that, you know, facebook will not be a part of launching libra around the world until u.s. policymakers questions have all been addressed and are satisfied. thats not all. facebook is also expected to say today that -- offer a defense of the companys position as it faces a number of questions surrounding its stance on political advertising. and given all the attention facebook has received on that issue, lawmakers say that facebooks ceo...

Announced it in june. mark zuckerberg making the case that now is the time. warning china is moving fast. >> the idea behind libra is that sending money should be as easy and secure as sending a message. the world is not waiting. tenant is moving quickly to launch a similar idea in the coming months. >> todays focus was libra, but lawmakers use this time to question mark zuckerberg about how facebook is policing political content. >> will you commit that facebook will not censor any political ad...

Huge global effort. he will stay the idea behind lib ra, sending money should be as easy and secure as sending the text message. a global payment system fully backed by a reserve of cash and other highly liquid assets. he will also have real talk with these lawmakers and talk to the major, major problems facebook has faced recently. he will say i believe this is something that needs to get built but i understand were not the ideal messenger right now. weve faced a lot of issues over the past few...

Hearing reading a rap sheet of forces. so its a sear just matter. >> neil: youre right. facebooks bad behavior with the all i know if im president erdogan, i got everything i wanted. its clear. thank you very much. good seeing you again. >> good to see you. election scandal and more. >> neil: did you hear about mark zuckerberg said that facebook should be three dozen republicans barging make its own currency and roll to a closed door democrat-run out its own global payment impeachment hearing? p...