Zuckerberg makes public apology for Facebook’s divisiveness
Select language to see a machine translation of this article. The original language of the Article is English and the translation is provided for your convenience.

Zuckerberg makes public apology for Facebook’s divisiveness

Facebook’s founder and CEO, Mark Zuckerberg, has posted a public apology for the ways in which his “work was used to divide people”. Posting on Facebook itself, Zukerberg chose to use the Jewish holiday of Yom Kippur – the holiest day of the year, often seen as a time for self-reflection and the atonement of one’s sins – to unburden himself. The social media giant, along with other Big Tech companies like Google, has come under criticism following the last U.S. electoral cycle – undoubtedly, it is this to which Zuckerberg is referring.

Facebook’s share price has risen by 48% so far this year

facebook0410

SOURCE: Yahoo Finance

Zuckerberg’s status, in full, reads: “Tonight concludes Yom Kippur, the holiest day of the year for Jews when we reflect on the past year and ask forgiveness for our mistakes. For those I hurt this year, I ask forgiveness and I will try to be better. For the ways my work was used to divide people rather than bring us together, I ask forgiveness and I will work to do better. May we all be better in the year ahead, and may you all be inscribed in the book of life.”

Zuckerberg’s conciliatory tone and spiritual references are nothing particularly new for the young billionaire – he recently “confessed” to having found religion, and has been consistent in his social progressiveness. According to Mark, Facebook wants to change the world, and its communities, for the better.

Zuckerberg’s apology is generally related to the spread of so-called “fake news” on Facebook in the run up to the 2016 presidential election – and specifically, it is directed towards the revelation that Russian-bought political ads were present on the platform and may have influenced some voters. Addressing the last point head on, Zuckerberg said:

“After the election, I made a comment that I thought the idea of misinformation on Facebook changed the outcome of the election was a crazy idea. Calling that crazy was dismissive, and I regret it.”

Facebook has pledged to tackle fake news and exercise more oversight on political advertising in the future, and is reportedly hiring 1,000 new members of staff to do so.

Disclosure

Dominion holds Facebook in its Global Trends Ecommerce Fund.


If you would you like to receive the Newsfeeds daily, please click here to sign up now!

Help us make this Newsfeed better by rating this article. 1 star = Poor and 5 stars = Excellent
0.0/5 rating (0 votes)

Disclaimer
The views expressed in this article are those of the author at the date of publication and not necessarily those of Dominion Fund Management Limited. The content of this article is not intended as investment advice and will not be updated after publication. Images, video, quotations from literature and any such material which may be subject to copyright is reproduced in whole or in part in this article on the basis of Fair use as applied to news reporting and journalistic comment on events.