Facebook Pledges $1B For Affordable Housing Ahead Of CEO's Testimony

Facebook announced a $1 billion investment to address California's affordable housing crisis, aiming to create 20,000 new homes for essential workers. This announcement coincides with CEO Mark Zuckerberg's testimony before the House Financial Services Committee regarding Facebook's role in finance and housing. Earlier, Facebook faced allegations of violating the Fair Housing Act with its ad targeting tools. Additionally, Facebook's new cryptocurrency, Libra, is under scrutiny to ensure compliance with financial regulations.

What amount did Facebook pledge to combat the affordable housing crisis in California?

How many new housing units is Facebook aiming to create for essential workers?

What is the significance of the timing of Facebook's announcement regarding housing?

What allegations were made against Facebook by the Department of Housing and Urban Development?

What is the purpose of Facebook's new cryptocurrency Libra as mentioned in the text?