In Tuesday morning’s Senate Banking Committee hearing on Facebook’s proposed cryptocurrency, Libra, Senator Sherrod Brown (D-OH) suggested that the tech platform’s “disruption” of the news business, without any added creative value, was merely disruption and was doing more harm than good. You can watch Sen. Brown’s statement on this below:
Brown wasn’t the only one who questioned Facebook’s “disruption” of the news industry. Senator John Kennedy (R-LA) was also suspicious of the platform’s impact on the news media, asking Facebook representative and Libra co-creator David Marcus if the platform was actually replacing news with “bullshit.” See Sen. Kennedy’s question below:
Members of the News/Media Alliance staff have contributed to this post.