Facebook’s Big Libra Launch ‘Only Fanned the Flames’ for Critics

Congress holding hearings on Facebook Inc.’s plan for a possible digital coin suggests that the high-profile debut for Libra was likely a public relations effort gone bad.

That’s according to MoffettNathanson analyst Lisa Ellis, who said in an email that the “fact that these hearings are even happening is a good indication that the splashy/hyped Libra announcement last month was likely poor PR strategy on Facebook’s part.”

Read more on Bloomberg.com



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