Public Citizen is testifying before Congress to tell legislators that Facebook’s new currency, Libra, will make it a corporate surveillance leviathan with no precedent outside the realm of science fiction.
We, the undersigned, urge Congress to stop Facebook’s plans to create a private, global currency. If and when it launches, Facebook’s currency may be impossible to get under control, and there’s no reason we should trust the company with holding data on billions or even trillions of transactions around the world.
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We must stop the billionaire Koch brothers from using their immense wealth to influence university research and spread their corporate-friendly ideology.