Friday, 2 November 2018

How for better or worse, Mark Zuckerberg has become too big to fail

Even if Mr. Zuckerberg bore most of the responsibility for the company’s cataclysmic recent history, he alone possessed the stature to fix it.
Mark Zuckerberg
A few weeks ago, after Facebook revealed that tens of millions of its users’ accounts had been exposed in a security breach, I began asking people in and around the tech industry a simple question: Should Mark Zuckerberg still be running Facebook?
I’ll spare you the suspense. Just about everyone thought Mr. Zuckerberg was still the right man for the job, if not the only man for the job. This included people who currently work at Facebook, people who used to work at Facebook, financial analysts, venture capitalists, tech-skeptic activists, ardent critics of the company and its giddiest supporters.
The consensus went like this: Even if Mark Zuckerberg — as Facebook’s founder, chief executive, chairman and most powerful shareholder — bore most of the responsibility for the company’s cataclysmic recent history, he alone possessed the stature to fix it.
More than one of his supporters told me it was bad faith to even broach the subject — that Mr. Zuckerberg’s indispensability was so plain that the only reason I might have to ask whether he should still run the company was the clicks I would get on this article. But even critics were not that excited about the idea of Mr. Zuckerberg’s removal. Barry Lynn, executive director of the Open Markets Institute, an organization that fights monopoly power, argued that Facebook’s problems grew out of its business model and the legal and regulatory vacuum in which it has operated — not the man who runs it.
“To be blunt, if we took Mark Zuckerberg out and we replaced him with Mahatma Gandhi, I don’t think the corporation would change in any significant way,” Mr. Lynn said.

No comments:

14th BRICS summit to review current global issues, reach key agreements

  At the   14th BRICS summit   which is to be hosted by China in a virtual mode on 23-24 June, the member nations will review the current gl...