Zuckerberg believes the size of Facebook is actually a benefit to its users and for the security of the democratic process, Zuckerberg told France 2 while in Paris to meet with French President Emmanuel Macron. He shared his emotion and plans regarding Facebook in the interview.
Facebook CEO Mark Zuckerberg has turned down the idea of breaking Facebook for the benefit for its users and the company. The conflict between Zuckerberg and Chris Hughes regarding their business principles is grabbing headlines for quite some time. The stern decision of Zuckerberg will surely add more fuel to the controversy.
According to the Zuckerberg’s long-time friend and Facebook co-founder Chris Hughes, it is time to break up Facebook. Hughes was recruited by Zuckerberg for Facebook during his freshman year at Harvard University in 2002. He said in an interview that Mark’s personal reputation and the reputation of Facebook have taken a downfall. According to him, Mark is a good person, though his focus on growth has unfortunately led him to sacrifice security and civility. He adds that Zuckerberg has walled himself with a team that concretes his beliefs instead of challenging them.
Accused with users’ data scandals, Facebook has dealt a heavy blow that put a number of question marks in their conduct to secure account holders’ data. Thus, Mark is set to create new privacy positions within the company that would include a committee. According to Zuckerberg, Facebook’s budget for safety this year is bigger than the whole revenue of the company when it went public earlier this decade. According to him, a lot of this is because they have been able to build a successful business that can now support such a huge amount on safety features. He claimed that Facebook invests more in safety than anyone in social media.
Facebook is anticipating a record fine coming from the U.S. Federal Trade Commission (FTC) regarding the Cambridge Analytica data scandal. Thus, the company is already kept $3 billion aside to deal with the fine, which involved 87 million users.