Published: Sun, January 07, 2018
Industry | By Dora Warner

Mark Zuckerberg vows to fix Facebook

Mark Zuckerberg vows to fix Facebook

Amid unceasing criticism of Facebook's huge power and pernicious impact on society, its CEO, Mark Zuckerberg, announced Thursday that his "personal challenge" for 2018 will be "to focus on fixing these important issues".

Mark Zuckerberg says that Facebook has "a lot of work to do" when it comes to harassment, election interference, and making sure that it's a meaningful platform to be on.

Zuckerberg says he wants to focus on fixing Facebook's shortcomings. "We won't prevent all mistakes or abuse, but we now make too many errors enforcing our policies and preventing misuse of our tools", Zuckerberg wrote. "If we're successful this year then we'll end 2018 on a much better trajectory".

Zuckerberg's statement was light on details about how he plans to fix Facebook's problems.

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Facebook has already vowed to stop rerouting ad revenue through Dublin amid pressure from regulators. Ultimately, Zuckerberg's new goals are a sign that he's finally coming to terms with one simple fact: He runs what may be the most influential company in history, and it's no longer okay to simply "move fast and break things", as Facebook's motto once held.

Facebook COO Sheryl Sandberg has welcomed the idea to integrate crypto technology in Facebook services, "Grateful as ever for your leadership and look forward to working with you and our colleagues on these important issues this year". He said both technologies led to decentralised power, which Zuckerberg saw as a positive move. Past challenges have included wearing a tie every day, learning to speak Mandarin and eating meat only from animals he killed himself.

Read the full post on Mark Zuckerberg's Facebook page here.

"We won't prevent all mistakes or abuse", Zuckerberg continued. He added that he would be "bringing groups of experts together to discuss and help work through these topics", but didn't specify the goal of those conversations or whom he would invite. This time, Zuckerberg talked about the importance of "centralization vs decentralization" in tech - in other words, who is benefitting from tech's tremendous power.

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Lauded for its ability to create valuable, global peer-to-peer networks, Zuckerberg called cryptocurrencies one of the most interesting questions in technology right now.

"But today, many people have lost faith in that promise".

As a counterpoint to the public perception that technology has risen up to centralize power, the social media mogul asserts that decentralized systems like cryptocurrencies "take power from centralized systems and put it back people's hands".

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