Discussion in 'Investment Charts' started by Chartman, Mar 20, 2018.
Its looks as though the Libra cryptocurrency idea has been well accepted
Would the ranking of Facebook shares change if the company was to move into another sector? At the moment they are rated on a high-technology share valuation. What happens if they moved into something more mundane such as financial services?
I heard about a recent US Senate meeting where Facebook was forced to attend and the cryptocurrency was ridiculed and ripped apart. It looks like this might have caused a knock-on effect to Bitcoins and brought a recent improvement in the price to a shuddering halt.
Unless Facebook is able to sign up a group of leading banks it looks as though the cryptocurrency gamble may well backfire. It also appears that many US politicians have an axe to grind regarding Facebook and they are certainly doing their best to muddy the water.
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