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George Ma
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Crypto
May 29 16:12

Mark Zuckerberg revealed the features of Libra's business model

During the annual general meeting Mark Zuckerberg spoke about how Facebook, with the help of Libra, plans to increase profits, reports Cnet.
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According to the creator of the largest social network, the launch of the new digital currency and its subsequent integration into various online services will increase the efficiency of e-commerce. As a result, prices for advertising, which is the main source of income for Facebook, will increase.
He explained that the social network does not sell ads at a fixed price. Instead, the company is offering a price for advertising based on the results the client is trying to achieve.
The launch of Libra is expected in the second half of 2020.