Sen. Brown: 'Crazy' to Let 'Dangerous' Facebook Experiment in Banking

The transcript criticizes Facebook for its profit-driven motives and lack of accountability, highlighting the negative impacts of its social experiments on politics, journalism, and society. It warns against Facebook's ambitions to enter the financial sector, arguing that it would concentrate more power in corporations and pose risks to consumers and democracy.

What is the main reason the speaker believes Facebook should not be trusted?

• It is a government entity.

• It is a profit-seeking corporation.

• It is a non-profit organization.

• It has a history of accountability.

Which of the following is NOT mentioned as a consequence of Facebook's rapid actions?

• Breaking political discourse

• Disrupting journalism

• Undermining democracy

• Improving global peace

What does the speaker imply about Facebook's motto 'move fast and break things'?

• It has caused significant harm.

• It has led to positive changes.

• It is a slow and steady approach.

• It is a well-thought-out strategy.

Why does the speaker criticize Facebook's plan to create a bank?

• It would support small businesses.

• It would improve monetary policy.

• It would decrease financial inequality.

• It would increase corporate power.

What is the speaker's concern about Facebook handling monetary policy?

• It would jeopardize family finances.

• It would enhance consumer protection.

• It would stabilize the economy.

• It would reduce corporate influence.