Mark Zuckerberg is Watch Mound Daughteronce again raising the threat posed by China as he looks to defend his company to lawmakers.
The Facebook CEO will appear before the House Financial Services Committee on Wednesday to answer questions about the company's plans for Libra, its cryptocurrency project that has drawn scrutiny from lawmakers and banking officials around the world.
In prepared remarks released ahead of his testimony, Zuckerberg said he knows there's a lot of distrust of Facebook.
"I believe this is something that needs to get built, but I understand we’re not the ideal messenger right now," he said. "We’ve faced a lot of issues over the past few years, and I’m sure people wish it was anyone but Facebook putting this idea forward."
He then quickly pivots to what has become one of his preferred talking points when faced with questions about regulation: China.
"But I also hope we can talk about the risks of not innovating," Zuckerberg writes. "While we debate these issues, the rest of the world isn’t waiting. China is moving quickly to launch similar ideas in the coming months. Libra will be backed mostly by dollars and I believe it will extend America’s financial leadership as well as our democratic values and oversight around the world. If America doesn’t innovate, our financial leadership is not guaranteed."
In other words: if Facebook doesn't do this, then China will.
If that sounds like a familiar warning, that's because it's one Zuckerberg has made several times before. He has raised China in previous Congressional appearances, and just last week the CEO criticized TikTok for censorship and said China "is now exporting their vision of the internet to other countries."
Zuckerberg is hoping to defend Libra, which has already gotten off to a rocky start. Lawmakers from both parties in the House and the Senate panned the idea, saying they don't trust Facebook. And earlier this month, Facebook lost support from some of its highest-profile outside backers, including PayPal, Visa, Mastercard, and Stripe.
"If America doesn’t lead on this, others will," Zuckerberg writes. "Foreign companies or countries may act without the same regulatory oversight or commitment to transparency that we have. We’re already seeing how companies with very different values are restricting people based on their beliefs. There’s no guarantee that services which support democracy and fundamental rights around expression will win out."
Topics Facebook Social Media Cryptocurrency
Previous：The Silent Treatment
Maneka’s Punk Pulpit
Watch: Donald Antrim Remembers Writing His First Novel
Minions makes $125M because Gen Z is obsessed with it
The Adventures of Don Wilen, Allen Ginsberg’s Accountant
The Tagorean Impulse
Nintendo Switch Best Buy sale
Easy air fryer cheeseburger recipe gets delicious results with minimal work
What does an upside
Labor History in Real Time
Nude Bookplates: Should They Exist?
The Secret Policeman at the Marathon
What does Roe v. Wade being overturned mean to you?
Before Writers Hated Computers, They Loved Word Processors
Minions makes $125M because Gen Z is obsessed with it
Looking for Twin Peaks
Twitter reacts to the pure insanity that was Arizona's Republican primary for governor debate
Best Xbox Series S deals: Save on the new Starter Bundle and 1TB Black model
'Quordle' today: See each 'Quordle' answer and hints for October 14, 2023
Fresh Hell
Prince Tributes
Facebook's AI crushes professionals in sixMen say they could score against Serena Williams and oh, the repliesBand has brutally blunt reaction to getting praised in The SunFacebook tries to explain the complicated world of ad trackingThe Arctic burns with unprecedented firesReport: Amazon's pouring more resources into AlexaJanet Jackson gives birth to her first child at age 50Twitter makes website redesign official — and no, you can't opt outThe Motiv smart ring is a fitness tracking wearable for your fingerPrince Harry and Meghan Markle officially meet Beyoncé and JayGirl Scouts launch 18 new 'Coding for Good' badgesWaze now tells you how much all those tolls will costFrench newspaper has a radical idea after polls failed to predict TrumpFrench newspaper has a radical idea after polls failed to predict TrumpCrocodile casually strolls into backyard, gets thwarted by wheelie binsPresident Obama's goodbye tour gets an official 'farewell address'Wendy's Twitter serves up a slice of sassy when their motto is questionedGoogle Assistant recordings leaked, and oh boyOh nothing, just a terrifying snake eating another freaking snake on videoAI solves Rubik's cube in under a second Netflix June George R.R. Martin short story headed to the big screen Spotify seriously needs to add a blocking feature 'Battlefield V' revealed: Here's everything you need to know Donald Glover responds perfectly to Lando Calrissian's pansexuality Emilia Clarke kept a journal while filming 'Game of Thrones' Season 8 In EU hearing, Mark Zuckerberg dodged lawmakers' tough questions Forecasters predict active hurricane season in 2018, NOAA says Slack introduces app 'actions' to make your chats more productive New video shows the beauty of lightning seen from space Lawsuit alleges Apple knew about Touch Disease before iPhone 6 launch With Morgan Freeman out, Seth Rogen offers to be the voice of Vancouver public transit Elon Musk goes after the media in unhinged Twitter rant Elon Musk gives a tentative release date for the Tesla Model Y Facebook’s desperate for people to take its fake news fight seriously Jason Batemen apologizes for that 'Arrested Development' interview Here's how to mute Instagram accounts without unfollowing them Review: Quantic Dream's 'Detroit: Become Human' Judge says Trump can't block people on Twitter Ariana Grande posts heartbreaking tribute to Manchester attack victims
2.4704s , 8198.9765625 kb
Copyright © 2025 Powered by 【Watch Mound Daughter】,Exquisite Information Network