Facebook has announced a plan to launch a new cryptocurrency named the Libra, adding another layer to its efforts to dominate global communications and business. Backed by huge finance and technology companies including Visa, Spotify, eBay, PayPal and Uber – plus a ready-made user base of 2 billion people around the world – Facebook is positioned to pressure countries and central banks to cooperate with its reinvention of the global financial system.
Facebook and Amazon’s insanity only seems to continue with no sign of slowing down anytime soon. Now, the two big conglomerate giants want to move into the uncharted territory of reading human emotions, both in their own ways.
While free speech is paramount this means the worst of the worst will be able to organize. Where do we draw the line?
A curious decision by Instagram, which is owned by social media giant Facebook, has called into question its independence from the US government. The company has banned several top Iranian officials, including Supreme Leader Ayatollah Khamenei, from its photo-sharing platform.