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5.2963296435522E-05 5.29632964356725E-05 0.00121815581801806 0.000847412742969104 0.000733541655632612 0.00193316031989836 0.00381335734336104 0.00381335734336104
Stock impact report

Facebook’s Libra Coin Is Both “Vampire Project” And Regulatory Nightmare [Forbes]

Meta Platforms, Inc. - Class A (FB) 
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fb.com/home/default.aspx
Company Research Source: Forbes
Facebook’s Libra Coin Is Both “Vampire Project” And Regulatory Nightmare Mark Zuckerberg and friends are going to save the world. They are going to bring a form of capital to the unbanked, most of them residing in emerging and frontier markets. Economies of scale, and all. It’s going to be great. But imagine this: A foreign company, arguable one of the most distrusted names in social media, comes to India and tells its microlenders that it wants to compete against them. It has this cryptocurrency called Libra. It doesn’t charge banking fees. What are the odds of nationalist Indian Prime Minister Narendra Modi saying, Sure guys, come in on! This is not only regulatory nightmare in the U.S., it’s not even something microlenders in India are going to want to welcome into their country. See: Facebook’s Libra: What To Expect — Medium op-ed by Shamir Karkal “Indian regulators already have United Payments Interface $117 million in 2014 Karkal says IndiaStack, a set of linked application prog Show less Read more
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