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Mark Zuckerberg Offers A Choice: The Facebook Way Or The China Way


Added 10-23-19 12:06:02am EST - “In prepared remarks to Congress, the CEO acknowledges Facebook is not "the ideal messenger" for its digital currency plan, but says innovation is essential to American financial leadership.” - Npr.org

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Posted By TheNewsCommenter: From Npr.org: “Mark Zuckerberg Offers A Choice: The Facebook Way Or The China Way”. Below is an excerpt from the article.

Facebook CEO Mark Zuckerberg is scheduled to appear before the House Financial Services Committee on Wednesday. He's likely to face a broad range of questions about his company's influence. Chip Somodevilla/Getty Images hide caption

Facebook CEO Mark Zuckerberg is scheduled to appear before the House Financial Services Committee on Wednesday. He's likely to face a broad range of questions about his company's influence.

Facebook's founder and CEO will tell Congress that the social network's controversial digital currency project, Libra, is essential to projecting American leadership around the world.

He will warn that any delay risks losing that leadership to China, according to prepared remarks released ahead of a House Financial Services Committee hearing on Wednesday.

"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," Zuckerberg will say.

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