Mark Zukerburg Say He Wants Facebook To Be Understood

Facebook CEO and Co-Founder, Mark Zuckerberg have said the goal of the social media platform is to be understood.
“Our goal for the next decade isn’t to be liked but to be understood. That’s because, in order to be trusted, people need to know where you stand,” Zuckerberg said.

The company came under critical investigation over its political advertising policies. This is because of its fellow social media platform, Twitter decided to ban its political ads. According to the company, it ended 2019 with 2.5 billion monthly users worldwide which is an increase of 8% from the previous year.

Speaking on issues with the company, principal analyst at eMarketer, Debra Aho Williamson said, “Despite all of the concerns that have been swirling around the company in the past two years, it beat expectations on revenue, and it demonstrated continued growth in its user base. This is a company that has shown that it can withstand ongoing criticism of its practices and yet still pull out gains in both revenue and users.

Last year, the Federal Trade Commission announced a $5 billion settlement with Facebook to resolve a sweeping investigation by regulators into how the tech giant lost control over users’ data. It is the largest fine in FTC history. In October 2019, the New York attorney general announced that 47 state attorneys general are investigating Facebook for evidence of anti-competitive practices.