AOC is crowdsourcing questions for Mark Zuckerberg on Twitter
AOC is crowdsourcing questions for Mark Zuckerberg on Twitter
Here is Mark Zuckerberg’s Prepared Testimony for House Financial Services Committee Hearing
24 October, 2019, 00:25
Bitcoin's price dropped on Wednesday to its lowest level against the dollar since the middle of May after Facebook Chief Executive Officer Mark Zuckerbeg, in testimony before Congress, expressed doubts about whether the company's cryptocurrency project Libra was going to work.
"I understand we're not the ideal messenger right now", Mr Zuckerberg will say at Wednesday's hearing.
Libra Association companies told the BBC that no timeline for implementing the $10m fee had been set - but all said they would likely invest in the project when asked.
"The main reason for this is because of the huge pressure Facebook's Libra is getting from Washington", Matt Maley, equity strategist at Miller Tabak + Co told Bloomberg.
"We can't sit here and assume that because America is today the leader, that it will always be the leader if we don't innovate", the Facebook CEO pleaded with Congress. "If we don't do things like this... eventually, we lose our leadership".
During a tense exchange, Ocasio-Cortez pushed Zuckerberg about Facebook's decision to not fact-check political ads, which essentially gives politicians nearly total control of the content they post online.
Lawmakers from both parties and top regulators - including Treasury Secretary Steven T. Mnuchin and Federal Reserve Chairman Jerome H. Powell - have criticized Facebook's plan for the new currency.
It was a sentiment echoed by a few other Republican members of the panel, though Steve Stivers of OH cautioned Zuckerberg: "I think you've bitten off more than you can chew". Facebook announced a change in policy on September 24: It would not fact-check or remove content by politicians even if the posts violate the company's rules. This settled with a group including the American Civil Liberties Union, the National Fair Housing Alliance and others, but Facebook still faces an administrative complaint filed by U.S. Department of Housing and Urban Development. But Mr Zuckerberg is expected to reiterate his view that if the firm is not allowed to press ahead with Libra, the USA risked ceding power to China.
It was a stronger statement than when Facebook official David Marcus appeared before lawmakers in July, when he said the company will not activate Libra until it has "fully addressed regulatory concerns and received appropriate approvals". Marcus leads the Libra project.
Since publishing a white paper detailing the plans for its Libra cryptocurrency project, Facebook has faced fierce pushback from politicians and regulators, prompting several early backers - including Visa, Mastercard, PayPal and Stripe - to pull out. Zuckerberg, momentarily at a loss for words, conceded: "It's a risky enterprise".
Libra has faltered in recent weeks amid sustained criticism from lawmakers and regulators over fears it may aid money laundering and upend the global financial system.
Other cryptocurrencies also felt the heat of Zuckerberg's testimonial as Ethereum fell as much as 10%.
Sen. Elizabeth Warren, a leading Democratic presidential candidate, has advocated breaking up Facebook and other tech behemoths.
When both teams are tied at 85, watching the Clippers outscore the Lakers by double digits in that final frame is not a good look. This expected jump coupled with Kawhi Leonard leaving the conference, will lead to Tatum's first All-Star appearance.
Police declined to comment on whether authorities were treating it as a deliberate attack, the Reuters news agency reported. An armed man stole an ambulance and drove it into several people in the Norwegian capital of Oslo on Tuesday, police said.
It is the first time in 12 years England have reached the semi-final, but it will be the last game in charge for Cheika. Closer to home, the success of Australian rugby has always been tied to the Wallabies.
Esper said on Monday that he had not made a final decision on that option and had not yet presented it to President Donald Trump . With the USA pulling out its troops, Kurdish commander Mazlum Kobani is predicting his people will be slaughtered.
The Asian financial hub is facing its first recession as a result of the unrest which has taken a toll on tourism and retail. Hong Kong's Commissioner of Police, Stephen Lo, said on Friday that his force was facing an unprecedented challenge.
There is a possibility that the Supreme Court's verdict, likely next month, will reflect the points in the mediation report . The hearing on the validity of Aadhaar scheme lasted for 38 days in the top court which came into existence in 1950.
The Seattle Dragons may be the Emerald City's new XFL team, but soon many familiar faces with grace the turf at CenturyLink Field. Silvers is joining Amaro with the Seattle Dragons , while Truesdell was a first-round pick by the Tampa Bay Vipers .
Catherine, Duchess of Cambridge , interacts with a student at a school on a visit to Islamabad , Pakistan October 15, 2019 . They will also visit programmes aiming to empower young people and learn how communities are adapting to climate change.
The 9to5Google source also predicts that the regular Pixel 4 will be priced at $899, which would be $100 less than the Pixel 4 XL. The only difference, per the leaked specifications, between the Pixel 4 and Pixel 4 XL is of their battery and display size.
A lot more skins are shown off (like the 8-Ball assassin that looks a lot like Venom from Guilty Gear ), as is the new map. Now would be the time, according to the latest news that Fortnite profits drop steeply when you look at the past quarter.
Russian Federation and Iran back President Bashar al-Assad, while the Saudis support the opposition seeking his ouster. A forum will convene 300 Saudi and Russian CEOs.
Final 'Rise of Skywalker' trailer debuts
But despite that unexpected start, that didn't stop Star Wars: The Rise of Skywalker from hitting lightspeed on its ticket sales. Gone is the cross-universe sexual tension between Star Wars' big-hitters seen in previous instalment, The Last Jedi .
Mitt Romney has a ridiculous Twitter alias: Pierre Delecto
Ashley Feinberg assumed Romney would be following his family members with the secret Twitter persona, and she assumed correctly. It's unclear why Mitt chose the alias Pierre Delecto , which we can all agree sounds like the name of a softcore porn star.
Dennis Quaid, 65, confirms engagement to Laura Savoie, 26
Just recently, they were spotted again holding their paddle boats while they were on a vacation at Waikiki Beach in Hawaii . Sunday evening saw the pair make their first red carpet appearance at the Midway special screening in Hawaii.
Chile declares state of emergency amid student riots
She said the government subsidises nearly half the operating costs of the metro, one of Latin America's most modern. Now the subway services are non-operational and a curfew has been put in place in Santiago .
How to watch MI vs. Penn State and Washington vs
The Wolverines scored a touchdown in the second quarter to trail, 21-7, at halftime thanks to a 12-yard run by Zach Charbonnet. An unsportsmanlike conduct penalty against Penn State pushed the ball back to MI 49, but it didn't help the Wolverines .
Samsung to fix bug that can let anybody unlock S10
The Galaxy S10 can, under certain circumstances, be unlocked with a fingerprint that's not registered on the phone. There is now a split in under-display fingerprint reader technology in the smartphone market.
China trade war to drag down global growth
Both China and India are set to grow about 6% this year - with a slowing outlook for China next year and faster growth for India. The recent economic slowdown owing to the trade war and America's sanctions affected the global economy .
Qatar Rules Out Possibility Of War Between US And Iran
Washington accused Tehran of attacking the vessels with mines and to be behind the drone assault, something it strongly denied . Tensions between Saudi Arabia and Iran have been on the rise since September 14 missile attacks on the Saudi oil facilities.
Zoë Kravitz will play Catwoman in The Batman movie
However, Kravitz isn't a total newbie to the role - she voiced Catwoman in the 2017 animated film " The Lego Batman Movie ". Per VARIETY , Zoe Kravitz has been cast as Catwoman in director Matt Reeves' THE BATMAN ...and I totally dig it.
Pop Star Sulli Found Dead At Her Home Aged 25
The singer had posted the word "Goodbye", to her Instagram account , prompting a rush of comments from concerned fans. Sulli left f (x) in 2015 to focus on acting, then launched her solo singing career with the 2019 album " Goblin ".