Yves here. It’s hard to convey how incoherent and contradictory Facebook’s claims about its new payments pipe dream, Libra, are. The only reason I can fathom for Facebook touting such a obviously barmy idea was in this era of never-gonna-make-any-money unicorn darlings like Uber was that they figured there were enough true believers to give its flagging stock a desperately-sought-after shot of adrenaline.
I’m way overdue for comments of my own, but FT Alphaville has been all over Libra. An intro by Colin Smith and Izabella Kaminska: This is just one of a series of Alphaville posts on Libra coin, […]