“For the foreseeable future, I’m fine, because I did buy crypto at the right time,” Frances Haugen says.
A whistleblower who released thousands of damaging documents about Facebook has revealed she is financially supporting herself through her crypto investments.
She claimed that the tech giant’s products “harm children, stoke division and weaken democracy” — and likened Mark Zuckerberg’s company to Big Tobacco. Haugen went on to allege that Facebook knows how to make its platforms safer, but won’t do so “because they have put their astronomical profits before people.”
Elsewhere in the testimony, Haugen suggested that Facebook made changes to its “dangerous” algorithms that contributed to divisiveness in society, and realized these tweaks kept people returning to the platform.
Setting the Record Straight
She told columnist Ben Smith that she has accepted help to cover travel expenses, but added:
“For the foreseeable future, I’m fine, because I did buy crypto at the right time.”
Haugen went on to reveal that she has moved to Puerto Rico to join her “crypto friends.” The Caribbean island and U.S. territory has become popular for digital asset enthusiasts because of the exemptions on capital gains tax that it offers.