Facebook seems eager to convince governments that it can be trusted, despite piles of evidence to the contrary
; a public grilling ensues. At least on July 16th and 17th American lawmakers looked better prepared than they were a year ago when they displayed little idea of Facebook’s business during hearings over its failure to stop a rogue consultancy from harvesting data on 50m users without permission. This time David Marcus fielded mostly sensible questions about the social network’s nascent cryptocurrency project, Libra, which he heads.
Facebook seems eager to convince governments that, despite piles of evidence to the contrary, it can be trusted. Mark Zuckerberg, Facebook’s boss, has called for more regulation of Big Tech, including his firm. On Capitol Hill Mr Marcus promised that Libra, and the division of Facebook which is meant to monetise it, Calibra, would not launch until the concerns of American lawmakers have been allayed.
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