Next, a look at scams, profiteering and conspiracy theories from the coronavirus pandemic. Medical experts, victims of disinformation campaigns and legislatures from both the u. S. And canada discuss the challenges they are facing. Hosted by George Washington Universities Institute for data, democracy and politics on tuesday. This is an hour and ten minutes. Welcome to our continuing conversation about the flaws of big social media platforms in response to the disinformation campaigns around covid19 pandemic, a very serious situation, obviously, where lives are literally in the balance. Im frank sesno affiliated with the institute of data and democracy in politics which is presenting this event together with the International Grand committee on disinformation. I will be your moderator and your timekeeper. I will continue this conversation with our distinguished panelists and guests. If you are a journalist joining us, feel free to put your question into the q a field. I will try to inc
Will try to incorporate any of those questions to our panel in a bit. Social media platforms as we discussed are allowing unscrupulous actors to sell unsafe, illegal, and overpriced medical equipment during this pandemic. That is one of many issues that we see across the social media platforms. This one is not a new problem. Social media platforms continue to allow these dangerous disinformation during covid 19 pandemic, and in so doing, they expose just how dangerous and how irresponsible this kind of behavior can be and the role they play and continuing to allow it. Rampant conspiracy theories make , confusingon worse people, distracting people. Social media platforms have the technological know how and resources to fix it, that they but they have little incentive to do so. Weve got a distinguished panel these problems. People on the front lines who are dealing with these issues directly and legislators who are trying to do something about it from two countries. First, a look at some
[inaudible conversations] [inaudible conversations] [inaudible conversations] [inaudible conversations] the committee will come to ord order. [inaudible conversations] [inaudible conversations] [inaudible conversations] without objection the chair is authorized to declare recess of the committee at any time. This hearing is entitled an examination of facebook and its impact on the Financial Services and housing sectors. I now recognize myself for five minutes to give an Opening Statement. Today we are here to examine the act of facebook on the Financial Services and housing sectors. Our sole witnesses the facebook chairman and ceo, Mark Zuckerberg. Facebooks plan to create a Digital Currency, libra, and a digital wallet raised many concerns relating to privacy, trading risks, discrimination, opportunities for diverse owned financial firms, National Security, Monetary Policy and the stability of the Global Financial system i and other democrats have called for a moratorium on facebooks
[gavel] this meeting will come to order. Will come to order. Today we will receive testimony from david marcus head of libra at facebook. On may 9 senator brown and i sent a letter shortly after it was reported that company was recruiting Financial Institutions and online merchants to launch a cryptocurrency based Payment System using a social network. We asked space bar for more information how the system would work, access and use of Consumer Financial information and facebooks access to use of information on individuals or group of individuals for credit or insurance or housing i appreciate facebooks response last week. Shortly after the letter was sent facebook formally announced its intention to launch the Payment System libra and issued a white paper providing information on the project. Since then us and Global Regulators have taken notice including the Federal Reserve, reserve, Uk Financial Conduct Authority and a stability board, g7 and others for the last week during the Fede
Discussion on slave refugee camps during the war. Watch American History tv tonight at 8 00 p. M. Eastern on cspan 3. This past june, facebook announced plans for its own crypto currency called libra. The cocreator of Libra David Marcus answered lawmakers concerned over the Digital Currency before the Senate Banking committee. This is about 2 1 2 hours. This hearing will come to order. Today we will receive testimony from david marcus, head of libra at facebook. On may 9, senator brown and i sent a letter to facebook shortly after it was reported that the company was recruiting Financial Institutions and online merchants to help launch a cryptocurrency based Payment System using its social network. Our letter asked facebook for more information about how the system would work. Its access to and use of Consumer Financial information, and facebooks access to and use of information on individuals or groups of individuals in credit, insure, employment or housing. I appreciate facebooks res