Former Facebook executive Alex Stamos said Mark Zuckerberg should hire a new CEO and turn his focus to building products.
"There's a legit argument that he has too much power," said Stamos, who left the company in 2018, at the Collision Conference in Toronto. "He needs to give up some of that power. If I was him, I would go hire a new CEO for the company."Facebook and Zuckerberg have been embroiled in controversy since the lead up to the last presidential election, when the platform was inundated with fake news and became a haven for bullying and harassment.
Product is "where his passion is," Stamos said. "He should hire a CEO that can help signal both internally and externally that the culture has to change." Stamos also said that there are legitimate arguments for breaking up Facebook as well as separating YouTube fromon the basis that both companies have reduced competition. However, breaking up Facebook doesn't solve the underlying issues that afflict social media, such as the spread of false information or manipulating the ad targeting system for political purposes, he said.
"There's a lot of excitement for antitrust because it feels good to be like 'I hate this company, so let's break it up,'" Stamos said. "Having three companies that have the same fundamental problems doesn't make anything better."
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