'Either you give these people privacy, or you violate the privacy to police their speech. But you can't do both,' former Facebook executive Alex Stamos said about Facebook CEO Mark Zuckerberg's fight to protect privacy and to stop fake news.
Former Facebook executive Alex Stamos explained how Facebook's Mark Zuckerberg is able to consistently make decisions that only make sense with the benefit of hindsight.
He cited the acquisitions of private messaging WhatsApp in 2014 for $19 billion, and photo-sharing service Instagram in 2012 for $1 billion, as examples of bets"that people think are insane but turn out to be prophetic because he knows the direction the world is going," Stamos said. Still, Stamos noted, all that data might not get Zuckerberg out of his current bind. Facebook and other tech companies in are managing a the thorny set of issues that involve balancing user privacy and user safety. It's often very challenging to do both, especially for a company of Facebook's scale, he said.
"People at Morgan Stanley and Goldman hate each other but they understand their boats rise at the same time," said Stamos."In the Valley, you have personality driven conflict...and if CEO's snipe at others in keynotes...it's unlikely for them to work well."
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