Facebook CEO Mark Zuckerberg laid out a new "privacy-focused" vision for social networking on Wednesday, March 6. 9, 2019, file photo, a man checks his phone inside Facebook's new 130,000-square-foot offices, which occupy the top three floors of a 10-story Cambridge, Mass. While most of the stock market slipped in Wednesday trading, Facebook's shares gained $1.25 to close at $172.51. In a Wednesday interview with The Associated Press, Zuckerberg predicted Facebook's emphasis on privacy will do more to help the company's business than hurt it. ![]() Anything that jeopardizes that machine could pose a major threat to the company's share price, which would also affect its ability to attract and retain talented engineers and other employees. "I'm just not sure it addresses the bigger issues Facebook is facing right now."įacebook grew into a colossus by vacuuming up people's information in every possible way and dissecting it to shoot targeted ads back at them. Security is an "admirable goal," said Forrester Research analyst Fatemeh Khatibloo. (AP Photo/Marcio Jose Sanchez, File)Įncrypted conversations could alleviate some of those problems, but it could make others worse. Zuckerberg laid out a new "privacy-focused" vision for social networking on Wednesday, March 6, 2019. In this May 1, 2018, file photo, Facebook CEO Mark Zuckerberg makes the keynote speech at F8, Facebook's developer conference in San Jose, Calif. All that increases the challenge of convincing users that Facebook really means it about privacy this time. ![]() Zuckerberg submitted to two days of grilling on Capitol Hill last April. Facebook has weathered more than two years of turbulence for repeated privacy lapses, spreading disinformation, allowing Russian agents to conduct targeted propaganda campaigns and a rising tide of hate speech and abuse. It might also help Facebook ward off government regulators, although the Facebook CEO made clear that he expects the company's messaging business to complement, not replace, its core businesses.īut there are plenty of obstacles. ![]() It's a major bet by Zuckerberg, who sees it as a way to push Facebook more firmly into a messaging market that's growing faster than its main social networking business. It also plans to let messages automatically disappear, a feature pioneered by its rival Snapchat that could limit the risks posed by a trail of social media posts that follow people throughout their lives. Instead of just being the network that connects everyone, Facebook wants to encourage small groups of people to carry on encrypted conversations that neither Facebook nor any other outsider can read.
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