Facebook Is Too Big to Run a Cryptocurrency, Sen. Sherrod Brown Says

Facebook Is Too Big to Run a Cryptocurrency, Sen. Sherrod Brown Says

Assessment

Interactive Video

Business, Social Studies, Information Technology (IT), Architecture

University

Hard

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The transcript discusses concerns about Facebook's power and its plans to run a cryptocurrency system from a Swiss bank. It highlights the need for regulatory oversight, the public's skepticism about Facebook's privacy practices, and the role of media in informing the public. The discussion also touches on the challenges of effective regulation and the influence of lobbying.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What concerns are raised about Facebook's size and power?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the proposed rules regarding cryptocurrency operations mentioned in the text?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the public perceive Facebook's handling of privacy issues?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential regulatory bodies mentioned that could oversee Facebook's operations?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What role does the media play in regulating Facebook according to the speaker?

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