[Rushtalk] Zuckerberg Is Completely Ruthless..............
dap1 at bellsouth.net
Fri Dec 21 08:07:39 MST 2018
I might add that Zuckerberg flat out lied during his congressional
testimony and congress knows it. Don't hold your breath waiting for him
to be Michael Flynn'ed.
On 12/21/2018 1:35 AM, John Quayle wrote:
> The Facebook papers are a timely reminder that Mark Zuckerberg is
> ruthless about making money
> Jake Kanter <https://www.businessinsider.com/author/jake-kanter>
> Dec. 6, 2018, 8:01 AM
> Mark Zuckerberg.JPG Facebook CEO Mark Zuckerberg. Reuters
> Opinion banner
> * *The Facebook documents paint a picture of a company that is
> ruthless about making money.*
> * *They show that Facebook was prepared to stomp on rivals, cut data
> deals, make decisions that generate bad press, and obsessively
> track competitors as acquisition targets — all in the name of growth.*
> * *It's a timely reminder that Facebook is a money-making
> juggernaut, not a philanthropic endeavor.*
> If you take one thing away from wading through 250 pages of Facebook
> documents, it is this: Here is a company that is ruthless about growth.
> This shouldn't be a surprise, of course. You don't get to 2.3 billion
> users and $40 billion in revenue by playing nice all the time. But
> rarely do we see the inner workings of a company out to make money
> laid bare in such detail.
> The documents, seized by British parliamentarians and published in a
> redacted form on Wednesday
> don't contain a catastrophic bombshell, but they do call to mind a
> barb slung at Facebook earlier this year.
> While being questioned by the same group of lawmakers that published
> the Facebook papers, chief technology officer Mike Schroepfer was told
> by Paul Farrelly, a member of parliament, that Facebook reminds him of
> a famous quote about Goldman Sachs
> Turning to American author and journalist Matt Taibbi's 2009 attack on
> Goldman Sachs in Rolling Stone,
> Farrelly read the article's gambit:
> "The first thing you need to know about Goldman Sachs is that it's
> everywhere. The world's most powerful investment bank is a great
> vampire squid wrapped around the face of humanity, relentlessly
> jamming its blood funnel into anything that smells like money."
> The Facebook documents offer a patchy and incomplete picture of
> internal discussions, sometimes bereft of context. At the center of
> some illuminating moments is Mark Zuckerberg, a far cry from the gawky
> product guy who created Facebook from his dorm room. He cuts a
> thoughtful figure, who is involved in the details of Facebook's
> revenue-generating endeavors. Bloomberg's Shira Ovide refers to him as
> "The Godfather" in the Fully Charged newsletter.
> The papers don't contain a smoking gun about Facebook selling the data
> of its billions of users. Indeed, Facebook has repeatedly said it has
> "never sold people's data."
> All the ways Facebook is ruthless
> But the papers, which date as far back as 2012, provide evidence that
> Facebook cut deals that fell just short of selling data. Notably, it
> signed off on preferential "whitelisting agreements" with firms
> including Netflix and Airbnb, giving these firms great access to data.
> And it wasn't just exploiting its own data that Facebook discussed and
> carried out. It was also ruthless about sucking up data, the papers
> show. Emails show Facebook collected Android call and SMS data to
> improve its algorithms and "People You May Know" feature — despite
> being aware that it would generate bad press.
> Another feature of the documents is Facebook's willingness to stomp on
> rivals. This manifested itself in two ways: restricting their access
> to Facebook information and obsessively tracking competitors to see if
> they could make potential acquisition targets.
> On the former, Zuckerberg personally approved a decision to cut off
> Vine's access to data
> in January 2013 — just as the Twitter video app, which was shuttered
> in 2016, was starting out. Zuckerberg also presided over a list of
> and decided whether they could access its platform information or not.
> On the evening before the documents were published, Facebook reversed
> these kinds of restrictions as part of a policy review. The company
> said it's important that its "platform remains as open as possible."
> And the $19 billion deal to buy WhatsApp? Well, that came after
> Facebook carefully tracked the app using Onavo, a VPN and
> data-analytics tool. Onavo's data showed WhatsApp was outpacing
> Facebook Messenger on engagement and message sends, according to
> "highly confidential" charts in the papers. So Facebook removed the
> competition by bringing it in-house.
> But perhaps the most telling example of Facebook's laser focus on
> growth came from Zuckerberg himself when discussing his attitude
> toward providing third-party apps with access to its platform in 2012.
> In an email, he made the stark admission: What's good for the world
> isn't necessarily what's good for Facebook
> It jars somewhat with Facebook's public credo to make the world "more
> open and connected." It's a timely reminder that Facebook is a
> ruthless money-making juggernaut, not a philanthropic endeavor.
> SEE ALSO: The secret Facebook documents have just been published
> by British Parliament
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