🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

Facebook's Zuckerberg drops annual challenges to focus on longer-term goals

Published 01/09/2020, 06:23 PM
© Reuters. Facebook CEO Zuckerberg testifies at House Financial Services Committee hearing on Capitol Hill in Washington
META
-

(Reuters) - Facebook Inc (NASDAQ:FB) Chief Executive Officer Mark Zuckerberg said on Thursday he was dropping his annual challenges this year to take a longer-term focus on the decade ahead.

Zuckerberg said he plans to work on a new private social platform, decentralized technology, generational issues and new forms of digital governance among others.

The move would see him focus more on his role as CEO and the problems that have afflicted Facebook instead of personal goals such as learning Mandarin and reading two books a month.

"Rather than having year-to-year challenges, I've tried to think about what I hope the world and my life will look in 2030 so I can make sure I'm focusing on those things," he said.

Zuckerberg, whose company is under pressure for failing to adequately police content and protect user privacy on its platform, said he expects governments to come up with clearer rules for the internet over the next decade.

"Platforms like Facebook have to make tradeoffs on social values we all hold dear - like between free expression and safety, or between privacy and law enforcement, or between creating open systems and locking down data and access," he said.

"I don't think private companies should be making so many important decisions that touch on fundamental democratic values."

Over the next decade, Zuckerberg plans to fund and give a platform to younger entrepreneurs and scientists to cure, prevent and manage diseases.

He pointed out that while the internet helped people to connect with each other across the world, it also made people crave for intimacy.

© Reuters. Facebook CEO Zuckerberg testifies at House Financial Services Committee hearing on Capitol Hill in Washington

"For the next decade, some of the most important social infrastructure will help us reconstruct all kinds of smaller communities to give us that sense of intimacy again," he said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.