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Odaily Translator |
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, the original author:
Odaily Translator |
From CEO Mark Zuckerberg, COO Sheryl Sandberg, to Nick Clegg, vice president in charge of outreach, Facebook executives are expressing their views: If the United States limits the scale of Libra, the digital currency Facebook plans to launch, block or block It, including China, if other major countries do not have such restrictions, will allow companies in these countries to win overseas markets, have more power, and obtain more data.
Facebook hopes to launch Libra in the first half of next year. At the U.S. Congressional hearings on Tuesday and Wednesday, Facebook executives once again peddled such threats. In testimony prepared before the House Financial Services Committee hearing, David Marcus, head of Facebook’s blockchain subsidiary Calibra, wrote:
“I believe that if the U.S. fails to lead innovation in digital currency and payments, other countries will. If we fail to act, we may soon see a digital currency run by a country with very different values.”
Above: David Marcus, head of Facebook subsidiary Calibra, testifies before the Senate Committee on Banking, Housing and Urban Affairs in Washington, the capital of the U.S. Capitol, on July 16, 2019. The theme of the committee's hearing that day was: Examining Facebook's proposed digital currency and digital privacy considerations.
David Marcus also told the Senate Banking Committee at the hearing:
“I believe that if we stand still, we will see that within ten to fifteen years, half of the world will use blockchain technology, and our national security apparatus will not be able to enable such a way.”
The rhetoric is designed to push back against a bill that may be introduced in the U.S. House of Representatives recently. Earlier, Reuters reported that the House of Representatives had drafted a bill called "Ban Big Tech Companies from Entering the Financial Industry," which mentioned that companies like Facebook with annual revenues of more than $25 billion "may not be allowed to create, maintain and operate digital assets." …an asset intended to be widely used as an intermediary of exchange, a unit of account, a store of value, or any other similar function.”
The message Facebook is trying to send is that cryptocurrencies are inevitable. Blocking Libra will only allow less prudent players than Facebook to manipulate the technology, but Facebook's mind is by no means limited to cryptocurrencies.
Just a year ago, Facebook CEO Mark Zuckerbeg made that point in an interview with Recode editor-in-chief Kara Swisher. At that time, Swisher asked, from a political perspective, do we want American companies to export globally?
Mark Zuckerberg said, we grew up here. I think we share a lot of values, which is, I think, people are very close here and generally, what we do is very good, both for safety reasons and from a values standpoint.
Not only that, Mark Zuckerberg did not seem to have a high opinion of Chinese companies in the interview.
On April 10, 2018, Mark Zuckerberg, co-founder, chairman and CEO of Facebook, testified at a hearing of the U.S. Senate Judiciary and Commerce Committee in Washington, the capital of the U.S. Congress. Before the 33-year-old Mark Zuckerberg was summoned to testify, the media broke out that Cambridge Analytica, a British political consulting firm related to Trump's presidential campaign, had seized the personal information of 87 million Facebook users.
In April, Zuckerberg went a step further, explaining how Facebook would refuse to comply with data localization laws in countries with a history of poor human rights performance. The risk of data being stored in other countries, he said, is that regulators hindering Facebook's innovation could lead to innovation elsewhere. Zuckerberg told Yuval Harari, author of "A Brief History of the Future" at the time:
"As I look to the future, one of the things I was very worried about just now is that the values I set for [the internet and data] are not values that are shared by all countries. When you get into some of the more authoritarian countries and their data policies, they're not the same as those in Europe. And a lot of other places that people are talking about or implementing very different regulatory frameworks... It seems to me that each country is most likely to choose to adopt a regulation like the European GDPR, which is an authoritarian model that is currently being used in Europe. It means that every company needs to store everyone's data locally in the data center.
I just think it's a very bad future, it's not the direction we want to go, Facebook is a MP for building Internet services, or we just want to see the world evolve as a citizen of the world. "
Nick Clegg, Facebook's newly hired head of communications, told reporters in January (emphasis added) that China has incredible ingenuity and the ability to process data at scale, and that Facebook should not be left behind, and that while some responsibilities do need to be held accountable, the U.S. The government should not suppress American companies.
"You can break us up, you can break up other tech companies, but in reality what you're doing isn't addressing the underlying issues that people care about...While people focus on the size and power of tech companies, the US should also pay more attention to China The size and strength of the tech companies and ... will those companies be broken."
Sept. 5, 2018: Facebook COO Sheryl Sandberg testifies at a Senate Intelligence Committee hearing about foreign powers using the Facebook platform to manipulate user behavior.
Indeed, both Twitter CEO Jack Dorsey and Facebook COO Sheryl Sandberg have faced the question of how people overseas are using their platforms to try to influence and manipulate public opinion.
secondary title
Facebook accuses China and Europe of being too despicable!
In fact, not everyone shares American values of individual liberty and privacy. Yes, breaking Facebook could cripple its products, like WhatsApp, and it could create more opportunities for apps like Chinese tech giant Tencent's WeChat.
