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Ciara O'Rourke
By Ciara O'Rourke February 8, 2023

Libra is dead. Long live Libra? Don’t fall for claims about passively earning on Zuckerberg platform

If Your Time is short

  • This post falsely claims that Mark Zuckerberg recently launched a platform called Libra in which people can passively earn $12,000 a month. Libra was the original name of a Facebook-led cryptocurrency project, and it was scuttled last year. 

Passive income to the tune of $12,000 a month sounds nice, but a recent Facebook post promising such rewards ignores reality.

"Mark Zuckerberg launched a platform that allows each user to earn from $500 a day without even leaving home," the Feb. 5 post says about Facebook's founder. "The new Libra investment platform is already available for every reider of Canada. Now you can easily invest in stocks and currencies and the platform will automatically close deals only with a profit. You no longer need to work to earn $12,000 or more per month. It is enough to register and answer the call of a personal assistant who will help you set up the program correctly."

This post was flagged as part of Facebook’s efforts to combat false news and misinformation on its News Feed. (Read more about our partnership with Meta, which owns Facebook.)

A video in the Facebook post features footage of Zuckerberg saying things such as: "Giving people control of their money is important." 

The only problem? This footage is from 2019, when Zuckerberg spoke before the U.S. House of Representatives Financial Services Committee about his company’s proposed cryptocurrency called Libra. 

Featured Fact-check

Not only did Libra not launch "a month ago," as a blog post linked in the Facebook post claims, it was renamed Diem in 2021. And in 2022, the Diem Association, a group Facebook organized to launch the digital currency, announced it would be "winding down," dissolving and selling off its intellectual property and other assets connected with the project.

The blog post has a logo that resembles CNN’s website for business news, but it’s not affiliated with the news network. Further undermining these moneymaking claims: This post was published on a Facebook page that was created Dec. 15. And it’s not affiliated with the now-defunct Libra or Facebook. 

We rate this post False.

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Libra is dead. Long live Libra? Don’t fall for claims about passively earning on Zuckerberg platform

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