Facebook Whistleblower Says She is Fine Financially Because Of Buying Crypto ‘At The Right Time’ – Bitcoin – United States Dollar ($BTC)


Former Facebook Inc (NASDAQ:FB) product manager Frances Haugen, who accused the social media giant of betraying democracy, is also a cryptocurrency investor.

What Happened: The revelation was made by Haugen in an interview with The New York Times on Sunday.

Haugen told the Times that she was not reliant on the eBay Inc (NASDAQ:EBAY) co-founder Pierre Omidyar for financial support.

“For the foreseeable future, I’m fine, because I did buy crypto at the right time,” Haugen told the Times.

The whistleblower reportedly said that she moved to Puerto Rico to join her “crypto friends” on the island and to cope with a health condition.

See Also: How To Buy Facebook (FB) Shares

Why It Matters: Cryptocurrencies, including the apex cryptocurrency Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE), have seen major spikes this year.

Last week, BTC hit an all-time high of $66,930.39. At press time, it traded 1.28% higher over 24 hours at $61,684.22.

Haugen acknowledged to the Times that she has accepted help from nonprofit groups backed by Omidyar only for travel and similar expenses, as per the Times.

This month, Haugen testified in front of the U.S. Senate on how the Mark Zuckerberg-led company puts “profits before people.”

Haugens also pointed out that Facebook “has repeatedly misled the public”  about the safety of children, the accuracy of artificial intelligence systems, and its spread of divisive and extreme messages. 

Facebook plans a rebrand, which would dissociate its futuristic plans from the scrutiny its social media networks are facing, the Verge reported last week.

Price Action: On Friday, Facebook shares fell 5.05% to $324.61 in the regular session.

Read Next: Facebook CEO Mark Zuckerberg Takes A Stab At NYT Over ‘Surfboard’ Coverage But Ignores The Elephant In The Room





Read Full Article

Latest articles

Ethereum-based dYdX saved from $2M security breach thanks to White Hat’s heroics

Security-enhanced privacy and personal monetary sovereignty are some of the major advantages that have seen decentralized exchanges (DEXs) rocket in popularity in recent...

Nagel Draxler gallery to launch Berlin space dedicated to NFTs and blockchain-related art

Oxymorons of sorts, physical galleries dedicated to NFTs are springing up worldwide — but few ventures have been spearheaded by traditional art dealers....

One Ethereum Rival Primed for All-Time Highs As ETH Sets Up for Massive Breakout Against Bitcoin: Top Crypto Analyst

Widely followed crypto analyst Pentoshi says that an Ethereum rival is jostling for new all-time highs as ETH also looks ready to fly...

ServiceNow Teams up with Hedera to Leverage Blockchain Tech

I know what you’re thinking; blockchain is just a buzzword that’s been thrown around in the past few years. I’ll admit it has...

Related articles

Leave a reply

Please enter your comment!
Please enter your name here