, Columnist
Facebook Finally Meets a Regulator With Bite
Libra is only two months old, but the EU’s antitrust watchdog is already baring its teeth.
What’s in it for Facebook?
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In France, they call it taking mustard after dinner. In Germany, they talk about a child having already fallen in the well. In England, they speak of closing the stable door after the horse has bolted.
They all are good ways of describing how regulators have tended to deal with the world’s biggest tech firms. But when it comes to Facebook Inc.'s digital coin, Europe's antitrust watchdog seems to be intent on breaking with this previous inaction.