Facebook rivals
With regard to Twitter, Mr Zuckerberg joked that Facebook's investment on safety was "bigger than the whole revenue of their company". And on TikTok, he discussed Facebook's rival product Lasso, a video-sharing platform which he said was "trying to get product-market fit in countries like Mexico... countries where TikTok is not already big". Facebook's crypto-currency Libra is being tested in India, Mr Zuckerberg added. "The hope is to get that rolled out in a lot of places with existing currencies before the end of this year," he said. He also said the public part of the process had been "more dramatic" than private meetings with regulators. And he acknowledged that getting Libra off the ground was going to be "a long road". There's no bombshell revelation in this leak but we get some good insights into Mark Zuckerberg's major preoccupations - regulation and new competitors. In public, Facebook's founder has been very measured about regulation, even saying he'd welcome it - in these conversations with his team he's far more combative, prepared to "go to the mat" with Democratic presidential candidate Elizabeth Warren if she tries to break up his company. And is he ever going to submit to demands to give evidence to UK parliamentarians? Not a chance. As far as competition goes, he's obviously wary about the rapid rise of TikTok - unlike with Instagram and WhatsApp, he's not able to simply buy the Chinese-owned business so he's working on a replica service. Only the Paranoid Survive was the title of Intel founder Andy Grove's memoir - and Mark Zuckerberg seems to have adopted it as his mantra now that move fast and break things has gone right out of fashion.DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
ILO Valuation Report based on assumptions – SSNIT
2 mins -
NDC won’t allow you to impose your successor on Ghanaians arrogantly – Mahama to Akufo-Addo
4 mins -
Dumsor: Okoe-Boye advises hospitals to use generators
9 mins -
Akufo-Addo’s insistence that chiefs stand up to greet him worrying, disrespectful – Mahama
16 mins -
First Atlantic Bank wins ‘Digital Bank of the Year’
41 mins -
Ejisu by-election comes off today
44 mins -
Cedi to weaken further; year-to-date depreciation hits 13.35%
44 mins -
Bond market: Total market turnover declined by 32.36% to GH¢772.30m
48 mins -
Fuel price increases expected to slow down in coming days – IES
52 mins -
Prisons Service says it is probing officers vs. soldiers clash in Bawku
58 mins -
Border restrictions impact businesses and residents amid Togo elections
2 hours -
We’ve helped close leakage gaps – SML maintains
2 hours -
Ketu South MCE commissions an ultra-modern toilet facility in Aflao
2 hours -
Sunyani East parliamentary elections: Ransford Antwi to contest as an independent candidate
2 hours -
Publish full KPMG report on SML/GRA contract – NDC to Akufo-Addo
3 hours