Tag Archives: libra regulation us

It just over 7 years that social media giant Facebook decided to conduct an IPO. Since then, Facebook (FB) stock has been one of the favorite picks for investors looking for handsome returns.If we look at the Facebook stock price chart since May 2012, we can see a steady rise with minor swings until July 2018. It was in July last year when the Cambridge Analytica scandal broke out showing Facebook’s alleged breach of data and user privacy. The FB stock took a massive hammering losing 33% of...

Things do not seem to be going as planned for Facebook’s Libra as Mark Zuckerberg is set to testify before the US Congress later in the month. This was revealed by the Chairwoman of the United States House Committee on Financial Services Maxine Waters (D) in a press statement yesterday. The Chairwoman indicated that a letter had been sent to the Social media giant in July “requesting an immediate moratorium on the implementation of Facebook’s proposed cryptocurrency, Libra, and digital...