Just when it seems Facebook can’t get more sinister, more Orwellian or more mercenary, it does — announcing its own branded global cryptocurrency.
Does this strike anyone else as terrifying? A company that has operated with impunity, under zero federal regulations, whose CEO, Mark Zuckerberg, has been called — in a hapless act of political theater — to explain his shadowy practices before Congress, yet has never offered specific correctives to any of his outfit’s failings or overreaches or unintended consequences, makes its next big move this?As declarations go, it’s astonishing. Zuckerberg is out for nothing less than dominion over us all.
If you’re one of the site’s 2.6 billion users, Facebook’s operators know where you are all the time, whether you’re logged on or not. They know what you’re buying, even if you’re in a brick-and-mortar shop. They scan photos you upload for biometrics. They mine your data and sell it to advertisers, but they won’t say how much of it, only that it’s a small amount, promise.