Monday 2 April 2018

Zuckerberg defends Facebook's ad-driven model as a way to connect people

Mark Zuckerberg

Facebook Inc. Chief Executive Officer Mark Zuckerberg said it will take “a few years” to solve the issues plaguing the social media company.

“I wish I could solve all these issues in three months or six months, but I just think the reality is that solving some of these questions is just going to take a longer period of time,” he said in a podcast interview with media publication Vox.

The company started investing more in security at least a year ago, Zuckerberg said,“so if this is going to be a three-year process, then I think we’re about a year in already. Hopefully by the end of this year, we’ll have really started to turn the corner on some of these issues.”

Zuckerberg is trying to steer Facebook through one of its worst public crises, after revelations that Cambridge Analytica, a political consulting firm that worked on President Donald Trump’s election campaign, obtained the private data of some 50 million Facebook users. Facebook’s shares have dropped about 14 percent since the news emerged and Zuckerberg has been called to testify before Congress in coming weeks. Politicians in the UK and the European Union have also requested Zuckerberg to come explain how Facebook protects the privacy of its 2 billion monthly users, and Missouri’s attorney general announced Monday that he is launching a wide-ranging probe into Facebook.

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