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.

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