> It is a pivot from a company whose advertising business is so embroiled in scandal and corruption that it has no choice but to try to diversify into payments

> It is a pivot from a company whose advertising business is so embroiled in scandal and corruption that it has no choice but to try to diversify into payments and credit scoring to survive. It's amazing to me that nearly every single expert that weighs in on this topic completely misses the intention behind Libra. Facebook wants to make money off of it's massive user gains in the developing world (like hundreds of millions of users massive), but many of those people don't have digital money right now. Libra wants to be their digital money so Facebook can sell more expensive ads. It's really as simple as that. Move on from the "why" and talk about the rest of it which is the actually problematic part.