Scandals involving user data leaks hit Facebook's ability to find appropriate professionals. They are not in a hurry to go to work for an employer that earned the reputation of a company that does not respect users privacy.

According to CNBC, Facebook has seen a decline in acceptance rates among software engineer candidates for its product teams from nearly 90% in late 2016 to almost 50% in early 2019. The fall in popularity of Facebook as an employer is noticeable among graduates of leading American universities, including Stanford, Carnegie Mellon University and Ivy League universities. Facebook’s acceptance rate for full-time positions offered to new top schools graduates has fallen from an average of 85% for the 2017-2018 school year to between 35% and 55% as of December, according to former Facebook recruiters.

According to former recruiters, potential candidates explain their refusal mentioning their reluctance to work on Facebook with its privacy and confidentiality problems.

How Facebook is going to compensate for the lost reputation points is not yet clear. For Facebook's crypto project, confidentiality and privacy issues can play an important role. Meanwhile, the social network resolves some organizational issues. Reuters reported that on 2 May, Facebook registered in Switzerland its fintech company Libra Networks. Earlier, the media reported that Libra is the name of Facebook's crypto project that is expected to be launched in the third quarter of 2019.

Earlier, The Wall Street Journal journalists found out Facebook plans to reward users with its new Libra coins for viewing ads and other interaction with content.

Facebook is reportedly negotiating with dozens of online trading companies and mobile payment services in order to persuade them to accept its future stablecoin. Facebook tries to attract them by offering lower transaction fees.