"The biggest management reshuffle in Facebook’s history has revealed the social network’s intentions to develop blockchain technology, though it is not yet clear for what purpose.
David Marcus, the former head of Facebook Messenger, announced this week that he will lead an exploratory blockchain group that will report directly to the company’s CTO, Mike Schroepfer.
Honestly, a lot of people saw this coming.
I make bold to say I was one of those who saw this coming. It's a business strategy and the domineering Mark Zuckerberg wouldn't want to miss out on a juicy pie like cryptocurrency. Just like Bill Gates has a share in the lucrative Facebook, so also will Zuckerberg want to have his fingers in anything lucrative. I am not surprised at all.
But I can't think of a reason why anyone would want to buy their coins
You wonder? Well, chances are that once a crypto for Facebook emerges fans of the social medium will fall over themselves to acquire it. And don't be surprised if it gives Bitcoin a good run.