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'Facebook will have a whole economy that they control,' she noted. She questioned when the regulators may attempt to exert some influence over such global economies, and how tax departments might exercise what they saw as their rights.
Although she said that in time it was likely Facebook would face 'some major Chernobyl event - maybe a privacy event' that would drive people off the platform it should be acknowledged as a developing economy. Although Facebook credits exist as a virtual currency which can't be cashed out, they can be exchanged for some products.
'If you have enough people on the planet exchanging Facebook credits there will be a whole economy there,' which would likely prompt more regulatory scrutiny she said.
