Bitfinex and Tether have the same CEO from what I understand and by saying it was effectively tethered to the USD that would mean they would need to be holding nearly $2.4 billion in reserves. The CFTC called bs on it and wants to verify.

I do agree that we are entering the age of regulation, or at least, trying to regulate the crypto world. It will be interesting to see if something which was never meant to be regulated can be regulated.

Regarding Facebook, they are facing their own problems including losing up to 1 million daily users in US. They are desperately trying to regain user interaction and have even rolled out "Facebook Zero" which basically kills organic growth for business pages. Thus more ads.

There are more links to the Facebook problems in this post: https://steemit.com/steemit/@opietaylor/the-steem-report-3160-accounts-steem-down-on-heavy-volume-facebook-loses-1-million-daily-users

Thanks for the analysis!