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.”