3 ms·
My understanding is that they are limiting the relationship between Facebook as a corporate entity and Libra, at least on paper. Whether regulators treat it thi
by jameslevy 7y ago
My understanding is that they are limiting the relationship between Facebook as a corporate entity and Libra, at least on paper. Whether regulators treat it this way is another matter.
But FB must be spending a lot on lobbying, and that should help them avoid any major surprises regarding enforcement actions.
- markdown 7y ago> But FB must be spending a lot on lobbying That only helps them in countries like the US where bribery is legal.
- freeopinion 7y agoWhy wouldn't it help in countries where bribery is illegal?
- kbenson 7y agoThe insinuation is that lobbying is bribery (and on the more egregious end of the spectrum, it is). In countries where lobbying isn't legal, it would at least help much less.
- egman_ekki 7y agoI think the idea is that if lobbying is legal, then it is regulated and thus how much it can help is limited. In countries where lobbying is illegal, it can take a form of bribery and then you can (potentially) achieve a bit more in this 'unregulated-bribe-anyone' space...
- markdown 7y agoThat's an odd argument. If the goal is not to have your politicians be bought and paid for, then surely making it legal to buy them is arse backwards.
- goatinaboat 7y agothey are limiting the relationship between Facebook as a corporate entity and Libra, at least on paper. On paper, by insistence of the regulators, as a condition of acquiring it, there is a limit on their relationships with Instagram too...