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'Fixing' Facebook is Mark Zuckerberg's personal challenge in 2018

In addition, ex-Facebook executives have publicly questioned whether using the network leads to unhealthy behaviors.

Reuters  |  SAN FRANCISCO 

Facebook CEO Mark Zuckerberg holds a pair of the touch controllers for the Oculus Rift virtual reality headsets on stage during the Facebook F8 conference in San Francisco, California. Photo: Reuters

Inc Chief Executive said on Thursday his goal for 2018 was to put the business he co-founded on a more solid footing, a break with his longstanding practice of setting a purely personal annual goal.

"The world feels anxious and divided, and has a lot of work to do," Zuckerberg, at 33 one of the world's wealthiest people, wrote in a post on the No. 1 network. In past years, his New Year's resolutions have included learning Mandarin, reading two books a month and traveling to U.S. states he had not yet visited.

This year, his post described as standing at a crossroads that required his attention. He cited the spread of hate speech on social media, use of by Russia and other countries to disseminate propaganda and criticism that the platform can be an addictive waste of time.

A new law in Germany requires social networks such as and Twitter Inc to remove online hate speech or face fines. In the United States, lawmakers have criticized for failing to prevent Russian operatives from using its platform to meddle in the 2016 U.S. elections.

In addition, ex-executives have publicly questioned whether using the network leads to unhealthy behaviors.

Zuckerberg said his "personal challenge for 2018 is to focus on fixing these important issues." He added that the pledge "may not seem like a personal challenge on its face," but that he would learn a lot. He did not say what he would do.

"We won't prevent all mistakes or abuse," he wrote, "but we currently make too many errors enforcing our policies and preventing misuse of our tools."

The issues Zuckerberg mentioned have created public relations and regulatory challenges, but have not made much of a dent on Facebook's bottom line. The social network reported $16 billion in net income on $36 billion in sales during the 12 months that ended on Sept. 30.

Shares on Thursday traded at $184.94, up 0.1 percent.


(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Fri, January 05 2018. 03:16 IST