Libra, or, um, Diem is a dim shadow of its original idea.
WhatsApp founder Jam Koum's breakup with Facebook speaks to how the internet economy could evolve, how competition and innovation could be encouraged, if regulators simply do their job.
The FTC issued a 2011 consent order against Facebook to protect the privacy of user data. But the Commission never enforced the order, even as Facebook disregarded its provisions. If the order had been enforced,...