When Facebook went public a few years ago, CEO and founder Mark Zuckerberg immediately became one of the richest people on the planet. How does a growing number of hyper-riches promise to do anything useful with all this wealth?
When a software engineer employed on Facebook called on billionaire Mark Zuckerberg to comment on the Democratic presidential candidate. Sen. Bernie Sanders' point of view that billionaires should not exist started to laugh.
Facebook CEO and co-founder Zuckerberg giggled after a short break. Those attending the internal live-style Town Hall meeting on Thursday began to applaud supportively.
"It's a good question … Okay," said Zuckerberg.
In the following response, Zuckerberg, listed as the fourth-richest American by Forbes with a net worth of $ 67 billion, said he agreed with Sanders' views on income inequality.
"I understand where he comes from," he said, noting that he could not set a threshold on how much wealth is too much.
"At a certain level, nobody makes so much money."
He went on to see that he sees potential benefits for some Americans' ability to accumulate even "unreasonable" wealth.
Forbes 400: Jeff Bezos, Bill Gates and Warren Buffett remains the richest people in the US
Facebook Encryption: The government does not want Facebook to encrypt your messages.
He cited his own philanthropic promises as an example: Zuckerberg and his wife Dr. Ing. Priscilla Chan has pledged to give away 99% of her Facebook shares in her life.
Zuckerberg said While critics might argue that the benevolent gifts of billionaires would benefit the nation more than tax dollars, his philanthropy funds scientific research projects that would likely be ignored by the government.
"I think the alternative would be for the government to choose all funding for all the things," he commented.
"Part of what drives progress is people pursuing different approaches to different things," he went on to say.
The exchange took place during a weekly "internal Q & A" that was publicly streamed live on Zuckerberg's Facebook page. Normally the sessions are for employees only, but a previous Q & A session made headlines this week when Zuckerberg said in leaked audio files that he would "go on the mat" to fight social networking efforts. Giants to break.
That triggered a reaction from another Democratic president: Sen. Elizabeth Warren, who defended her plan to smash big tech companies.
Zuckerberg was asked about Warren's plans on Thursday and replied, "Let's try not to upset them any further."
On Friday, Warren tweeted a video clip with the question and the beginning of Zuckerberg's answer.
"If Facebook finds my exam uncomfortable, Mark Zuckerberg and his team could work on it." Warren tweeted and listed protective use on rs privacy by ensuring that Facebook "does not undermine our electoral security" and "ends its company's illegal anti-competitive practices".
Contribution: Kelly Tyko, Jessica Guynn, Brett Molina
Read or Share this story: https: //www.usatoday .com / story / money / 2019/10/04 / mark-zuckerberg-weighs-bernie-sanders-attack-billionaires / 3869852002 /