We all knew this was coming. It's being reported that facebook is now exploring creating its own crypto currency.
https://cointelegraph.com/news/facebook-exploring-making-its-own-cryptocurrency-media-report
Smart crypto investors can see right through this. Let's begin with the fact that facebook has a net worth just shy of 70 billion dollars.
Hello...Mark has a net worth just shy of say it...seventy billlliiiooonnn dollars....
What has face book done for the 1.86 billion users that helped Mark Zuckerburg amass this billion dollar empire. Facebook has been selling users information, pictures, and other private information that users just casually give away for free on the platform.
http://www.businessinsider.com/facebook-mark-zuckerberg-net-worth-priscilla-chan-2017-10
I get pretty ticked off when I think about how we allow corporations to exploit and use us and we get nothing in return.
Facebook sees that road is narrowing on the dwindling number of users, and facebook stock taking a hit because of recent ties to the Russia investigation over user information being sold.
http://money.cnn.com/2018/03/27/news/companies/facebook-stock-zuckerberg/index.html
The trend I notice in the crypto news is how the old time rich big wigs like Warren Buffet, and Bill Gates are very negative on bitcoin and try to spread fud when given the opportunity. The younger millennial rich corporation CEOs
and owners are either silent on crypto like Zuckerburg, or pro crypto like Jack Dorsey.
Take note of all of the companies that these four men are involved with.
Its been reported that Facebook is exploring ways to create its own coin.
Warren Buffet owns 2.5 billion of Goldman Sachs. GS has been exploring its own blockchain technology.
Microsoft first embarked on the blockchain journey in November 2015, and is using the technology in collaboration with mojix to create swifter supply chains to lower business costs.
Square cash app allows anyone to buy and sell bitcoin. Jack Dorsey has been a vocal supporter of bitcoin and crypto for some time now.
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