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Agreed, its not believable at all.

It feels like when FB told everyone that they would never data mine whatsapp, and then started mining like 18 months after acquisition.

It's painfully obvious FB will data mine Libra to the max and monetize it via even more targeted ads. Why would anyone believe otherwise?

Funnily enough it was claimed that whatsapp is encrypted and thus not mineable in the senate hearing when a senator explicitly brought this up!

Message content is encrypted and thus not mineable; metadata is a separate issue.