Facebook's Libra Won't Launch Any Time Soon, Says David Kirkpatrick

The video discusses the challenges faced by Facebook's Libra project, particularly the timing of its announcement amidst regulatory scrutiny. It highlights Zuckerberg's commitment to not launching without approval from the US and EU, suggesting Libra's delay. The video also examines Zuckerberg's strained relationship with DC, contrasting it with Tim Cook's rapport with the government. The discussion emphasizes the need for improved public relations and proactive strategies in a politically charged environment.

Why was the announcement of Libra considered a mistake according to the speaker?

• It added complexity to Facebook's existing regulatory issues.

• It was not a profitable venture.

• It was announced during a financial crisis.

• It was not supported by the public.

What condition did Zuckerberg set for the launch of Libra?

• A successful public opinion poll.

• Approval from the United Nations.

• Regulatory approval from the US and EU.

• A partnership with Apple.

How is Tim Cook's relationship with the government described in comparison to Zuckerberg's?

• More hostile.

• Equally challenging.

• Non-existent.

• More favorable.

What is one of the challenges Zuckerberg faces in improving his relationship with DC?

• A hostile regulatory environment.

• Insufficient technological innovation.

• Lack of financial resources.

• Poor media coverage.

What approach has Facebook taken in response to regulatory scrutiny?

• They have increased their advertising budget.

• They have reduced their public presence.

• They have ignored the scrutiny.

• They have become more proactive.