TOBY SHAPSHAK: Facebook’s libra – an attempt to capture financial services
US lawmakers find Facebook’s attempts to capture financial services through a cryptocurrency a step too far
What a difference younger, tech-savvy public representatives have made to the US Congress. When Facebook appeared at hearings last year about the Cambridge Analytica scandal, it was revealing to see just how clueless older lawmakers were about technology and how the internet works.
That changed this year. A new generation of mostly Democrat lawmakers have a better grasp of big tech and the unintended impact it has on our lives. This includes a grasp of social media and monopolistic practices.