No More 'Wear a Tie' Resolutions for Zuckerberg

Ruben Fields
January 13, 2020

"Over the next decade, we hope to build the commerce and payments tools so that every small business has easy access to the same technology that previously only big companies have had".

Instead he seems to suggest that Instagram store fronts, Messenger customer support and WhatsApp remittance might be sufficient.

On Sunday, Star Wars icon Mark Hamill took to Twitter to announce that he would be deleting his Facebook account in protest of CEO Mark Zuckerberg's decision to allow political advertisements including lies and propaganda on the site.

Zuckerberg will also be thinking about how to govern massive digital platforms like Facebook, which has a daily average user count of almost five times the population of the United States. Libra is a controversial stablecoin that was first announced in the summer of 2019 by Facebook, but which has since run into numerous troubles, with some European Union countries being outright opposed to the idea. Facebook states it will be hands-off with the cryptocurrency it created. Calibra is Facebook's "crypto subsidiary" and one of 20 members supporting the stablecoin.

Though Zuckerberg evades Libra, he did not pass on the opportunity to address the barrage of criticism regulators around the globe have thrown his way.

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When the board received word that the OSSTF was not going to send help, they made a decision to postpone the tests. All schools will be open as usual to students on Thursday, with regular classes and activities resuming.

The Libra Association is in charge of providing guidance on the direction that the project should follow.

Zuckerberg has formally kept some distance from the Libra project, and he does not run the association. In Oct., Zuckerberg testified before the Congress, which followed similar Congressional hearings in July in which Marcus attempted to defend the project.

It may be that Zuckerberg sought to speak to Libra without invoking its name.

TechCrunch noted that Zuckerberg only alludes to virtual reality without mentioning Facebook's Oculus subsidiary in other parts of his 10-year plan.

Since the official announcement, the initiative faced a lot of regulatory resistance from all around the globe. Most stated that the proposed currency is potentially disastrous to the financial world order. He's also considering how governments should regulate free speech, privacy and data usage on the internet. However, Zuckerberg did mention the need for working in tandem with the government as long as it is afloat.

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