On June 18, Facebook announced it would release electronic currency Libra in early 2020. It allows Messenger, WhatsApp users to trade online. Libra will also be used on Spotify, Uber, Paypal … and backed by VISA and US financial tycoons.
Governments in many countries like France and G7 countries immediately expressed concern about the expansion of the Facebook empire. International media questioned whether a well-known platform with monopoly, data scandals could lead monetary projects that affect the world’s finance?
In many ways, Facebook is more like a government than a communications technology company, Mark Zuckerberg told media.
According to The Guardian, this country is operated by algorithms considered by Facebook to be transparent and free. Thanks to algorithms, people work together to build relationships, speak and do what they want based on the so-called community standards.
In fact, Facebook is operating in a chaotic order, rules overlap. Facebook monitors users, checks everything. Above all, Facebook can view users as white mice, items to test new features or exchange data at any time.
From the first day of building his own empire, Mark Zuckerberg, Facebook boss always took the spirit of hacker inspiration. Facebook headquarters is at address 1, Hacker Way.
In that office, a large square with the word HACK was engraved on the concrete floor. Also at this office, there is an open space meeting room named Hacker Square. The hacker spirit was absorbed into Mark Zuckerberg’s blood. In the 2017 Guardian article, Franklin Foer correspondent wrote that Mark Zuckerberg was a hacker. Therefore, building a virtual empire is always the ambition of the hacker group, Guardian wrote.
Today, Facebook owns 2.7 billion monthly users. This helps Facebook hold a huge power. In simple terms, Facebook is a country with 2.7 billion people, unlimited territory, a law and its own way of operating. Because it is impossible to collect taxes, this national source of finance comes from the private life of citizens. They sell to advertising packages that reach people.