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Transcripts For BLOOMBERG Best Of Bloomberg Technology 20240714

Diversity officer. She tells us how facebook plans to double the number of female employees globally over the next five years, and why the company is setting such an ambitious target in the middle of a media firestorm. First to our top story. Facebooks plans to create its own Cryptocurrency Libra is not , getting love from lawmakers. And you can add fed chair Jerome Powell to the list. Take a listen to what he told the House Financial Services committee. While the project sponsors Public Benefits including improved Financial Access for consumers, libra raises serious concerns regarding privacy, money laundering, Consumer Protection and financial stability. These are concerns that should be thoroughly and publicly addressed. Facebook has a couple billion for thers so you have first time the possibility of a very broad adoption. If there were problems associated with money laundering, terrorist financing, any of the things we are all focused on, including the company, they would rise to

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