Bulletin
Investor Alert

Market Pulse Archives

Oct. 22, 2019, 1:40 p.m. EDT

Zuckerberg to tell Congress Facebook will delay Libra launch until U.S. regulators approve it

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Facebook Inc. Cl A (FB)

or Cancel Already have a watchlist? Log In

By Robert Schroeder

FB

Facebook /zigman2/quotes/205064656/composite FB +0.17% Chief Executive Mark Zuckerberg plans to tell lawmakers that the company won't be a part of launching its Libra digital currency anywhere in the world until U.S. regulators approve it. Zuckerberg is scheduled to appear Wednesday before the House Financial Services Committee, and also says in prepared testimony that U.S. financial leadership is at risk if companies aren't allowed to innovate. "The rest of the world isn't waiting. China is moving quickly to launch similar ideas in the coming months. Libra will be backed mostly by dollars and I believe it will extend America's financial leadership as well as our democratic values and oversight around the world," he will say.

/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 222.14
+0.37 +0.17%
Volume: 15.91M
Jan. 17, 2020 4:00p
P/E Ratio
35.48
Dividend Yield
N/A
Market Cap
$632.59 billion
Rev. per Employee
$1.57M
loading...

Get news alerts on Facebook Inc. Cl A — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.