Facebook DIEM Sold: End Of An Era

Facebook made news in 2019 with the announcement of the Libra. There was instant backlash from many of the regulators and politicians. After that it went quiet for a while until it was rebranded as the DIEM.

In this video I discuss how the rights to the proejct were sold fro $200 million. This is the end of a project, at least in this iteration. It just shows how no matter how big the entity, a lot of things start with promise to be revolutionary and can fizzle out.

▶️ 3Speak