While Facebook makes most of its revenue from advertising, chief executive Mark Zuckerberg says the future is private messaging. That’s a tough venue for data-hungry digital ads, so Wall Street has been wondering how the company will make money from this new future. Libra, the crypto coin Facebook announced last week, provides a tantalising answer.
“Libra could introduce a meaningful new product and profit stream for Facebook over the coming years,” Citigroup analyst...
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