Facebook’s Mark Zuckerberg Preaches Caution After Problems With Libra Coin Approach
After several scandals and issues eroded the public's trust in Facebook, a company that is famous for its disruptive activities recently, its creator Mark Zuckerberg is starting to become more cautious, the Nikkei Asian Review reported.
According to his latest interview, internet companies were at the center of several big social issues. He acknowledged that Facebook was “behind” when it came to some things such as protecting the information of the clients or preventing their algorithms from interfering in elections.
These were, in fact, some of the main issues that the company had to deal with. Fake news and the scandal with Cambridge Analytica harmed the company’s reputation, something that is haunting them now that they are trying to get its new Libra stablecoin approved.
Zuckerberg affirmed that the approach of the company has changed because of this and that it is more cautious now. Before, they just built tools and dealt with the problems later. Now, however, they know that this can cause social problems by releasing something without mitigating the possible problems that it can have before the launch.
He also talked about Libra. According to him, the company has been questioned by lawmakers and entrepreneurs about the effects that Libra can have on the economy. Zuckerberg claims that he is committed to making sure that no issues will be overseen with the project.
Libra’s launch is already scheduled for 2020 and the company is said to be working hard to move forward and launch the best possible solution in a way that it is compliant with the law. He finished by affirming that the company changed its way of doing things and that Facebook now operates very differently from what it did five years ago.