Welcome to the tech meme ride home for Tuesday, June 18th 2019. I'm Brian McCullough today.

Facebook announces Libra.

Twitch acquires Beboe, our unmanned convenience stores something people even want.

Facebook wants more houses in Silicon Valley, and LA Real Estate is starting to look a lot like Silicon Valley.

Here's what you miss today in the world of tech.

Well, it's officially here, kind of, officially here in the sense that the white paper is out, but you

won't be able to actually spend it until next year. Facebook this morning took the wraps off of its

new cryptocurrency and we already know a lot of the details about it at least if you've

been listening to the show regularly. It is again called Libra. It has

27 partners right now ranging from MasterCard to Uber. It should launch sometime

next year with 100 partners, Facebook Hopes. It is a stable coin backed by a basket of

actual currencies and marketable securities. Facebook is distancing itself

from the direct management of the currency. Instead the currency will be run by the Libra Association, a non-profit entity run out of

Switzerland and Facebook will only get a single vote in its governance of the cryptocurrency along with its partners.

Though Facebook's involvement will be run via a new subsidiary called Calibra,

quoting from Tech Crunch.

Facebook is launching a subsidiary company called Calibra that handles its crypto dealings

and protects users' privacy by never mingling your Libra payments with your Facebook data

so it can't be used for ad targeting.

Your real identity won't be tied to your publicly visible transactions

but Facebook slash Calibra and other founding members of the Libra Association

will earn interest on the money

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