Roger McNamee: Facebook must stop making 'superficial' privacy fixes and change its business model

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Facebook executives are making progress when it comes to speaking with the public, but need to focus on changing its business model, early Facebook and Google investor Roger McNamee told CNBC on Friday.

. " "But stop doing these superficial things ... that don't actually address the underlying problems. Get focused on changing the business model in ways that are going to make the progress we will be able to see.""There is this massive gathering of private data and use of it in ways that consumers are just completely unaware of. That's the model that we have to fix," McNamee said.

"We know at Facebook we have a real possibility to do better and earn back people's trust," Sandberg said, referring to the several privacy mishaps that have occurred since the Cambridge Analytica scandal. Since early last year, Facebook has announced actions to improve the platform, among them,

 

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Grin fking Users is getting old and stale

Sure Roger whatever you say....

Why - there is nothing wrong with its business model!

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