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Facebook Revenue: Zuckerberg Condemns Press

Facebook CEO Mark Zuckerberg came out swaying when the company was first established. Third quarter revenue Called on Monday, advocating an investigation into how the service affects users, Numerous reports Monday based on a document leaked from a former employee.

“Sincere criticism helps us get better,” Zuckerberg said. “But what we see is a collaborative effort to selectively use leaked documents to draw the wrong picture of the company. In reality, we Has an open culture and encourages us to discuss and study our work. Develop many complex issues that are not unique to us. “

Zuckerberg said Facebook is doing this because “it’s interested in doing it right.”

NS The report came from a consortium of 17 media outlets in the United States An internal investigation was provided by Frances Haugen, a former employee who also provided documents to Congress and the Securities and Exchange Commission in search of whistleblower status. They followed a previous series based on the same document by The Wall Street Journal, meeting When Foreign countries..

Facebook reports that its services could adversely affect the mental health of some users, pushing polarized recommendations to users and disseminating potentially dangerous misinformation. Was aware of. Facebook has taken steps to make the platform more secure in all of these respects, but critics of the company say Facebook isn’t acting boldly or fast enough.

The theme of Zuckerberg’s discussion was that the problem Facebook experiences is a reflection of society.

“These issues aren’t primarily about social media,” Zuckerberg said. “In other words, no matter what Facebook does, we will never solve it ourselves.”

He said polarization began to progress in the United States “before I was born” and pointed to unspecified findings that polarization was stagnant or declining in countries using similar social media. Did.

Facebook has to choose from a number of trade-offs, including providing encryption and supporting law enforcement investigations, he said.

“It’s good to say that we don’t solve these impossible trade-offs because we’re focused on making money, but in reality these questions are mostly about our business. It’s not about the balance of various difficult social values, “he said.

Zuckerberg said companies like Facebook are seeking regulation so they aren’t the ones to choose from these trade-offs.

He said he was proud of the research conducted by Facebook, highlighting the company’s investment in security and security measures.

But he said he was worried that the reaction to Facebook’s research could create negative incentives for other companies to do similar jobs.

“I’m worried about the incentives we’re creating to make other companies as introspective as ever,” he said. “But I promise to continue this work because I believe it will be better for our community and our business in the long run.”

New “North Star”

Towards the end of the opening statement, Zuckerberg announced a new strategic vision for the future of the platform. He said Facebook will be more focused on young adults between the ages of 18 and 29, rather than making it the place to serve the most people.

“We are reorganizing our team to make it their North Star to serve young adults, rather than optimizing for more older people,” Zuckerberg said. .. “As with all, this involves trade-offs in our products, which probably means that other parts of our community will grow slower than they would otherwise, but it’s also ours. It should mean that the service will be stronger for young adults. “

Zuckerberg said the shift would take “years, not months.”

That and other changes Zuckerberg mentioned, such as updating Facebook and Instagram to focus on video and leaning towards Reels’ short video products, make the platform similar to TikTok and important to the user base. You will be chasing the part. Zuckerberg has pointed out TikTok as one of the toughest competitors to date.

Facebook often brings about the rapid growth of TikTok when faced with questions about the vast power of Facebook itself, which is the subject of allegations of antitrust violations filed by the Federal Trade Commission. FTC has accused Facebook of illegally monopolizing personal social networking spaces, partly due to its acquisition of Instagram and WhatsApp.

Some reports from the leaked document show that Facebook is increasingly concerned about the lack of involvement in the main platform among young users. Still, focusing on young adults rather than teens under the age of 18 can relieve pressure from lawmakers and other lawmakers. Warned Facebook not to create a version of the product for kids..

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Facebook Revenue: Zuckerberg Condemns Press

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