Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts

Saturday, July 28, 2018

Another Hero

"But here’s an unpopular opinion: Months ago, after all of the Cambridge Analytica scandal had broken, and we already knew about their role in the election and fake news, Mark Zuckerberg told us all that he planned on significantly increasing Facebook’s investment in security, and would add thousands of new employees to help that cause.
This is what he told the US Congress in April:
“I’ve directed our teams to invest so much insecurity — on top of the other investments we’re making — that it will significantly impact our profitability going forward.”
And then he added, for extra oomph.
“But I want to be clear about what our priority is: protecting our community is more important than maximizing our profits.”
Many didn’t believe him. Many tweeted about all the times that he’s talked the talk, but not walked the walk. But yesterday, when Facebook faced the music and took $120 billion on the chin, the fact that Zuckerberg finally walked the walk was conveniently absent from the conversation.
Here is the unpopular reality:
Mark Zuckerberg told us all he would put our safety, and fixing the problems of Facebook ahead of profits. He did that. Wall Street may not have liked it, but there’s no way around it: the man held true to his word." (Alex Whitcomb, @medium.com. Read the full article here.)