Will Libra entrench Facebook’s dominance or trigger its downfall?
“Move fast and break things”, Facebook’s motto until 2014, was the mantra of the “disruptive innovation” era. Five years on, the naivety of this starry-eyed approach has become painfully obvious. Disruption, it turns out, causes damage. So far, the list of things Facebook has broken in its haste includes journalism, personal privacy, Myanmar, and democracy; will the global financial system be next? Facebook launched its new digital currency Libra and digital wallet system Ca