Facebook is soaring, but this investor is concerned it has too much power - News Summed Up

Facebook is soaring, but this investor is concerned it has too much power


And a former investor in Facebook, Roger McNamee of private equity firm Elevation Partners, thinks Facebook — and CEO Mark Zuckerberg in particular — needs to be reined in. Facebook is an 'addiction'McNamee will join CNN anchor and correspondent Paula Newton on CNN Business' "Markets Now" live show Wednesday. "Facebook and Google designed their products to create habits that for many people become an addiction," McNamee told CNN Business earlier this year . "If they don't do something pretty soon, people are going to realize they can't trust Facebook anymore." JUST WATCHED Zuckerberg's mentor: Crisis could destroy Facebook Replay More Videos ... MUST WATCH Zuckerberg's mentor: Crisis could destroy Facebook 08:13Elevation Partners no longer has a stake in Facebook, but McNamee still owns shares personally.


Source: CNN June 18, 2019 15:56 UTC



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