Zuckerberg’s dreams and hopes of becoming the overlord of the internet are thwarted for now, by regulators and lawmakers. They feared Diem, previously Libra,  would give Zuckerberg way too much power. Frankly, I am a bit relieved. Last thing the world needs is more power handed over to FB and Zuckerberg. But Diem isn’t completely dead, Diem Association is selling its tech to California based Silvergate Bank. Thus ends Facebook’s foray into crypto space before it even launched. 

Looks like Winklevoss twins, who were ready to put aside their bitterness and be frenemies with Zuckerberg for the sake of crypto, are having the last laugh.