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Frances Haugen, a Facebook whistleblower, claims she is happy with her cryptocurrency investment.

Frances Haugen, a former product manager at Facebook Inc (NASDAQ: FB), who accused the social media giant of betraying democracy, is also a cryptocurrency investor.

What Happened: In an interview with The New York Times on Sunday, Haugen made the revelation.

According to Haugen, she is not financially reliant on eBay Inc (NASDAQ: EBAY) co-founder Pierre Omidyar.

"I'm fine for the time being," Haugen told the Times, "because am happy I bought crypto at the right time."

The whistleblower reportedly stated that she relocated to Puerto Rico to be with her "crypto friends" and to deal with a medical condition.

Why It's Important: This year has seen significant increases in cryptocurrency prices, including the apex cryptocurrency Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE).

BTC reached an all-time high of $66,930.39 last week. It was trading 1.28 percent higher over the previous 24 hours at $61,684.22 at press time.

According to the Times, Haugen admitted to the publication that she has accepted assistance from nonprofit organizations supported by Omidyar only for travel and similar expenses.

This month, Haugen testified before the United States Senate about how the Mark Zuckerberg-led company prioritizes "profits over people."

Haugens also claimed that Facebook "has repeatedly misled the public" about children's safety, the accuracy of artificial intelligence systems, and the spread of divisive and extreme messages.

According to the Verge, Facebook is planning a rebranding that will separate its futuristic plans from the scrutiny that its social media networks are facing.

In the regular session on Friday, Facebook shares fell 5.05 percent to $324.61.

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Facebook Inc Frances Haugen Haugen Pierre Omidyar The New York Times


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