Facebook DIEM Sold: End Of An Era
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About :
Facebook made news in 2019 with the announcement of the Libra. There was instant backlash from many of the regulators and politicians. After that it went quiet for a while until it was rebranded as the DIEM.
In this video I discuss how the rights to the proejct were sold fro $200 million. This is the end of a project, at least in this iteration. It just shows how no matter how big the entity, a lot of things start with promise to be revolutionary and can fizzle out.
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