Why Facebook Will Never Change Its Business Model - News Summed Up

Why Facebook Will Never Change Its Business Model


In short, millions of Americans went on with their habits and comforts of living in Mark Zuckerberg’s world. During the hearings, several Congressmen asked Zuckerberg whether he would consider changing Facebook’s business model. Anna Eshoo (D-CA): Are you willing to change your business model in the interest of protecting individual privacy? Zuckerberg: Congresswoman, we are — have made and are continuing to make changes to reduce the amount of ... Anna Eshoo: No, are you willing to change your business model in the interest of protecting individual privacy? First, Facebook has built arguably the best business model in the world, achieving the trifecta of high scale and high growth and high profit margins unmatched by any high tech company, including Google, Amazon, Apple, and Netflix.


Source: Forbes April 16, 2018 16:52 UTC


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