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Saturday, 16 November 2019

Zuckerberg to 'go to the mat' to fight breakup: report

AFP , Tuesday 1 Oct 2019
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Facebook chief Mark Zuckerberg has pledged to "go to the mat" to fight a government attempt to break up the social media giant, according to a report Tuesday based on a leaked audio recording.

Tech news site The Verge released leaked audio from a meeting of Facebook employees in July in which Zuckerberg said he would challenge a breakup effort, repeating his argument that splitting the company would not address issues raised by critics.

Zuckerberg specifically addressed the plan by Democratic presidential hopeful Senator Elizabeth Warren to break up major tech platforms.

"If she gets elected president, then I would bet that we will have a legal challenge, and I would bet that we will win the legal challenge," Zuckerberg said.

"And does that still suck for us? Yeah. I mean, I don't want to have a major lawsuit against our own government ... But look, at the end of the day, if someone's going to try to threaten something that existential, you go to the mat and you fight."

Zuckerberg also told employees he did not plan to testify in other countries investigating the company on privacy and antitrust issues.

"It just doesn't really make sense for me to go to hearings in every single country that wants to have me show up," he said.

Speaking of Facebook's planned digital currency Libra, Zuckerberg said he remained optimistic on its prospects despite harsh comments from public officials in several countries.

"The public things, I think, tend to be a little more dramatic," he said.

"But a bigger part of it is private engagement with regulators around the world, and those, I think, often, are more substantive and less dramatic ... That's where a lot of the discussions and details get hashed out on things."

Zuckerberg also said Facebook was planning a new service to take on the fast-growing social media app TikTok, controlled by a Chinese firm.

"We have a product called Lasso that's a standalone app that we're working on, trying to get product-market fit in countries like Mexico," he said.

"We're trying to first see if we can get it to work in countries where TikTok is not already big before we go and compete with TikTok in countries where they are big."

Facebook did not immediately respond to queries on the report.

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