Mark Zuckerberg says Facebook will spend the next 5 years carving its business in two

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Zuckerberg laid out his plan to split Facebook's product in a 3,200-word blogpost published in March.

Christophe Morin/IP3/Getty ImagesDuring an earnings call with analysts, Mark Zuckerberg responded to a question about his plans to carve up Facebook in two — a public"townhall" and a more private, encrypted service.Mark Zuckerberg gave a few more details on his plan to split Facebook in two during the company's earning call on Wednesday.3,200-word blogpost published last month

It isn't totally clear what this means in practice, but likely would involve knitting Facebook's various messaging platforms on Instagram, WhatsApp, and Facebook Messenger together to form an interoperable, encrypted service.Mark Zuckerberg says his vision to divide Facebook's products in two could put its $56 billion business model at risk

"I think that this is going to be a central focus for the company for the next five years or longer," Zuckerberg answered. He said that the company will spend at least one year consulting with experts, government, and law enforcement before launching the closed-off private service. "A few years ago, we probably would've rolled this out and tried to deal with issues as they came up with but now part of our new approach of trying to be more proactive about social issues is trying to build in from the ground up, getting this right upfront."

 

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MarkZuckelberg maybe the industry leader with social media. But he has failed keeping it civil communication across the world. Which is a huge injustice! He has a huge job ahead of him.

Not even billionaires always get to do what they want to do if they insist on staying in a public arena.

He better do that before Facebook has another embarrassing and possibly fatal privacy scandal

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Facebook’s Mark Zuckerberg should be “liable” for the company’s privacy missteps, top lawmaker saysFederal regulators should hold Facebook's Mark Zuckerberg 'individually liable for the company's repeated violations of Americans' privacy,' Democratic Sen. Ron Wyden said Tuesday, including imposing penalties that apply directly to the chief executive. Here for it 🙌🏻🙌🏻 Then all CEO’s in America should be also. Let’s see how many people want the job. Yes correct but he is a Dem so charges would be dropped
Source: washingtonpost - 🏆 95. / 72 Read more »