Talk about "techlash". The reactions last year to the announcement of Facebook's planned "stablecoin", Libra, were violent. I attended self. This reflected negative perceptions of the parent company – a fear that Facebook would exploit consumer confidence in Libra to collect data about our use of it – and sell or exploit the data in its own interest to drive increased traffic to its platform.
To allay such concerns, Facebook created a separate subsidiary, Calibra, for . . .