Sen. Brown: 'Crazy' to Let 'Dangerous' Facebook Experiment in Banking

Sen. Brown: 'Crazy' to Let 'Dangerous' Facebook Experiment in Banking

Assessment

Interactive Video

Business, Social Studies

University

Hard

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FREE Resource

The transcript criticizes Facebook for its profit-driven motives and lack of accountability, highlighting the negative impacts of its social experiments on politics, journalism, and society. It warns against Facebook's ambitions to enter the financial sector, arguing that it would concentrate more power in corporations and pose risks to consumers and democracy.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the implications of treating Facebook like a profit-seeking corporation?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How has Facebook's approach affected political discourse and journalism?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What concerns arise from the idea of Facebook running its own bank?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways could Facebook's financial experiments jeopardize Americans' livelihoods?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the potential risks of increasing corporate power over markets and consumers?

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