Facebook breaks out the Jugglers, Clowns, & Lobbyist for Libra

When I first got in the computer industry in Silicon Valley it was quite common to visit a convention. After a while we knew when we started to see the jugglers & clowns, there will be no more technical information. And for that matter getting any real information on the product will henceforth be almost impossible to get.


Coingeek.com reports

Lobbying firm FS Vector LLC has registered as having a relationship with Facebook as their customer since August 5, 2019. This can be confirmed on ProPublica, a lobbying disclosure database website. They specifically listed their reason for lobbying for Facebook as "Issues related to blockchain policy," with John Collins as their representative.

By that token, lobbyists generally provide two services.

1. Talk in the ear of legislators.
2. Make stealth donations to the campaign legislators.

As the article sort-of confirms

While public opinion also doesn’t seem to be on Libra’s side, getting a few key members of congress to suddenly “change their mind,” with the help of a savvy lobbyist, could make for a big change in momentum. Considering the billions Facebook has to gain from Libra should it ever happen, spending a few million on lobbying right now is a worthwhile expense.

 If you see Rep Maxine Waters change her mind, you'll know why.

SOURCES

Facebook hires lobbying firm to save Libra
https://coingeek.com/facebook-hires-lobbying-firm-to-save-libra/
by Derek Tonin - 27 August 2019