Zuckerberg, During Testimony, Calls Libra a Complex and Risky Project

The transcript discusses the challenges faced by an association after several founding members, including PayPal, Visa, and MasterCard, withdrew their support. The conversation highlights concerns about the project's risks and the ability to meet regulatory standards. The association was established to tackle a complex project that no single company could handle alone. The departures are attributed to the project's perceived risks and increased scrutiny.

Which of the following companies was mentioned as a founding member that withdrew from the Libra Association?

• Amazon

• PayPal

• Apple

• Google

What concern did the Congresswoman raise about the Libra Association?

• Inability to meet money laundering and regulatory standards

• Lack of technological innovation

• High transaction fees

• Limited global reach

Why is the Libra project considered risky according to the transcript?

• It lacks sufficient funding

• It faces significant scrutiny

• It has no market demand

• It is technologically outdated

What was the purpose of setting up the independent Libra Association?

• To collaborate with various companies and nonprofits

• To reduce operational costs

• To avoid regulatory scrutiny

• To focus on a single company's growth

What is a possible reason for the withdrawal of stable partners from the Libra project?

• Technological challenges

• Perceived riskiness of the project

• High operational costs

• Lack of public interest