Facebook accused of stealing Calibra logo from online bank Current

Current's CEO reportedly said Facebook "ripped off" the logo for its new subsidiary.

Corinne Reichert Senior Editor
Corinne Reichert (she/her) grew up in Sydney, Australia and moved to California in 2019. She holds degrees in law and communications, and currently writes news, analysis and features for CNET across the topics of electric vehicles, broadband networks, mobile devices, big tech, artificial intelligence, home technology and entertainment. In her spare time, she watches soccer games and F1 races, and goes to Disneyland as often as possible.
Expertise News, mobile, broadband, 5G, home tech, streaming services, entertainment, AI, policy, business, politics Credentials
  • I've been covering technology and mobile for 12 years, first as a telecommunications reporter and assistant editor at ZDNet in Australia, then as CNET's West Coast head of breaking news, and now in the Thought Leadership team.
Corinne Reichert
2 min read
current calibra logo

The Current and Calibra logos look similar.


Current, an online banking company, has accused Facebook of borrowing its logo for the social network's newly unveiled cryptocurrency play. The Calibra logo bears a resemblance to Current's logo, the company tweeted Thursday, as reported earlier by CNBC.

Facebook earlier this week unveiled a global digital coin called Libra, to be managed by a governing body called the Libra Association. Calibra is the name of the subsidiary that will run the wallet.

Watch this: Facebook cryptocurrency revealed, Google puts $1B toward housing crisis

Stuart Sopp, Current CEO, told CNBC that the same San Francisco design firm, Character, was used to create both logos. He reportedly added that he worked with Character for months on Current's logo.

"This is a funny way to try and create trust in a new global financial system -- by ripping off another fintech firm," Sopp told CNBC. "We put six months of hard work into this with that design firm, which they basically reused for Facebook without changing much ... Facebook is a big company that should have done their due diligence on this."

Both logos feature a wave inside a circle, as shown in Current's tweet Thursday.

According to CNBC, Current has engaged law firm Goodwin Procter to decide whether it has a trademark or patent infringement case against Facebook.

Facebook is working alongside 27 launch partners for Libra, including PayPal, Visa, Uber, Coinbase, Lyft , Mastercard, Vodafone, eBay and Spotify , but aims to have 100 members in the Libra Association by 2020.

Libra can be used to purchase products, send money internationally and make donations, and is set to launch in the second half of 2020.

"Facebook created Calibra, a regulated subsidiary, to ensure separation between social and financial data and to build and operate services on its behalf on top of the Libra network," according to a document. 

Facebook, Current and Character didn't immediately respond to requests for comment.

Facebook's video calling smart display connects you with friends and family

See all photos