Mark Cuban says Facebook’s Libra is ‘dangerous’

Billionaire businessman Mark Cuban called Facebook’s launch of Libra and its foray into cryptocurrency a “big mistake” in a recent interview with CNBC. This week, he joined Verge editor-in-chief Nilay Patel to further discuss his views on Libra and why he regards the new venture as “dangerous.”

Patel and Cuban also discuss artificial intelligence, net neutrality, breaking up Big Tech, investment opportunities that Cuban’s excited about right now, and more in the latest episode of The Vergecast. Below is a lightly edited excerpt of the conversation.

Nilay Patel: So let’s start with Libra because you literally were on CNBC recently and said, “It’s a big mistake, and it’s dangerous.” I actually agree with you, but go ahead and explain why.

Mark Cuban: I’m not against cryptocurrency at all. I’m not against the distributed nature of cryptocurrency. I think the idea that there’s no central control is kind of overblown because there are so many forks and…