The US government should not dissolve Facebook, as that would not solve the real problems of people in the age of social media, said CEO and founder Mark Zuckerberg, who currently has an estimated value of $ 71.5 billion the social media company is so big.
Zuckerberg visited the Aspen Ideas Festival yesterday to conduct an interview with Professor Cass Sunstein of Harvard Law School, in which he opposed politicians such as Elizabeth Warren, who claim that technology giants like Facebook are too big. Sunstein mentioned to Zuckerberg that one of the Facebook founder's friends had recently called for splitting the company into several units, but not Zuck.
"I disagree," said Zuckerberg, laughing in the crowd.
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"I think there are big social issues, right?" he continued. "I think election integrity is really critical. We talked about removing harmful content and managing the important. Data protection is important, and of course it is important to ensure innovation, competition and research. "
" The question we have to deal with in my opinion is that the dissolution of these companies would not make any of these problems better, "Zuckerberg said. "Right? So the ability to work on electoral or content systems … We now have the ability because we are a successful company and are big to build systems that I consider unprecedented."
"In many In many cases, systems are more sophisticated than many governments, "Zuckerberg continued, without explaining exactly what he meant by" and we can build that once and apply it on Facebook, Instagram, WhatsApp, and Messenger. "
The only one Zuckerberg's Argument: Facebook is pretty bad at providing systems that help solve today's problems, and the only thing Facebook seems good about is creating PR events that look like they're going to And it's a lot easier to set up a "war room" where people stare at screens than to address things like the interference of foreign governments in the elections You do not even let journalists talk to someone in your so-called war room.
"I can understand why it feels good to say that you want to dissolve the companies, right?" Zuckerberg said later. "It's like there are problems … we just take a big hammer and do it, but I think the reality is that we want it to be … we want to make sure that the things we do actually do tackle the problems. Zuckerberg defended Facebook's devastation of competing services such as Instagram and WhatsApp and argued that its acquisitions had actually compounded competition. Facebook bought Instagram for $ 1 billion in 2012 and WhatsApp in 2014 for $ 19 billion.
"Yes, some mergers can negatively impact innovation. This was not the case, "Zuckerberg said as he talked about taking over Instagram and WhatsApp. "I think it would be very difficult to argue that some kind of innovation or competition in the broader ecosystem has diminished because of the work and the innovation that we have brought to it."
The entire conversation from the Aspen Ideas Festival is available on YouTube. But if that seems too boring, let me suggest another Zuckerberg video, which is much more interesting.