Pete Rizzo is editor-in-chief for CoinDesk.
It's been a rough month for Mark Zuckerberg.
In the fallout from the Cambridge Analytica fiasco, in which it was found a third-party data provider was mining user information on behalf of political groups, Facebook and its founder have faced an outcry of criticism over the company's role as leader-supreme data custodian for the developed world.
But for the crypto community, the resulting plunge in Facebook's stock price offers an instructive example for a fundamental argument: whether the current cryptocurrency market, in which more than 20 blockchain networks are "valued" in excess of $1 billion, is overheated or in a "bubble."
To answer that question, it's helpful to ask another one - namely, how exactly is it possible that Facebook, which collects users' identifying data and connects them through messaging, is valued so highly to begin with?
https://www.coindesk.com/facebook-can-worth-billions-cant-cryptocurrencies/Why can't crypto?
