“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.
Frances Haugen made a number of bombshell to The Wall Street Journal — and later gave damning testimony in front of Congress.
She argued that the tech giant’s products “harm children, stoke division and weakening 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.
In an interview with The New York TimesHaugen also pushed back on claims that she is relying on financial support from Pierre Omidyar, who is best known for co-founding eBay.
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 US territory has become popular for digital asset enthusiasts because of the exemptions on capital gains tax that it offers.