Crypto Currency

9 Questions for Facebook After Zuckerberg’s Privacy Manifesto

presented an entirely new philosophy. For 15 years, the stated goal of Facebook has been to make the world more open and connected; the unstated goal was constructing a targeted advertising system built on nearly infinite data. Yesterday, though, Zuckerberg pronounced that the company is reversing course. The social network of the future won’t be…


presented an entirely new philosophy. For 15 years, the stated goal of Facebook has been to make the world more open and connected; the unstated goal was constructing a targeted advertising system built on nearly infinite data. Yesterday, though, Zuckerberg pronounced that the company is reversing course. The social network of the future won’t be one where everyone connects openly together, as in a town square; it will be one where more connections happen one to one, as in a living room. Instead of data permanence, data will disappear.

Facebook isn’t putting the current platform—worth roughly half a trillion dollars—in the garbage disposal. As Zuckerberg made clear in a Wednesday afternoon interview with WIRED, Facebook as we know it now will still exist. But it will change. And there will also just be something new.

It’s unclear the extent to which Facebook will ultimately push users toward privacy, and in what exact ways. But Zuckerberg controls Facebook, and his manifesto will make its gears start to turn in different directions. As that begins, here are nine important questions the company will have to think through.

1. Facebook knows how to make money in the town square. How does it make money in this new living room?

Private, encrypted messaging is hard to monetize. In our interview, Zuckerberg demurred when asked what the new business model will be after clamping down on the data firehose. The company would, he said, build the product first and figure out the financials later. Facebook does have nascent efforts in commerce and cryptocurrency, but there’s no question that figuring out revenue on the new platform will be a hard problem for Dave Wehner, Facebook’s chief financial officer. A former Facebook employee told me last night, “Mark is like a cartoon character who walks through a bunch of dangerous situations and always comes out on top. Dave is the guy running behind him catching the cat, stopping the ladder from tipping, deflecting the flying axe with a manhole cover.”

2. What does this do to safety on the platform?

Facebook rightly faces endless criticism for all the data it collects. But there are benefits to data collection as well. It can help stop bullies, or even potential suicides. Once those communications become private, Facebook no longer has the same powers to track and moderate. The public—from the media, to nonprofits, to academics, to individuals, to the government—also uses the public nature of Facebook to track bad behavior. If Russian intelligence operatives had just used private encrypted messaging to manipulate Americans, would they have been caught? As Facebook knows from running WhatsApp, which is already end-to-end encrypted, policing abuses gets ever harder as messages get more hidden.

In our interview, Zuckerberg explained that this, not fears about the business model, is what keeps him up at night. “There is just a clear trade-o

Read More

Be the first to write a comment.

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto Currency

Google Gemini AI Predicts a +300% XRP Price Surge by 2027

We asked Google Gemini AI what it predicts the XRP price will be by the end of 2026, and the chatbot gave a very bullish answer sure to excite the Ripple army.XRP enters the final months of 2026 at an important crossroads. After a difficult year for the cryptocurrency market…

We asked Google Gemini AI what it predicts the XRP price will be by the end of 2026, and the chatbot gave a very bullish answer sure to excite the Ripple army.XRP enters the final months of 2026 at an important crossroads. After a difficult year for the cryptocurrency market…
Read More

Continue Reading
Crypto Currency

Kraken Seeks Final Judgment After $22 Million Award Against Former Auditor

Bitcoin Magazine Kraken Seeks Final Judgment After $22 Million Award Against Former Auditor Kraken is seeking a final Delaware court judgment against former auditor Mazars after winning a $22 million arbitration award, arguing the firm’s abrupt resignation during heightened U.S. regulatory pressure caused significant financial and operational harm…

Bitcoin Magazine

Kraken Seeks Final Judgment After $22 Million Award Against Former Auditor
Kraken is seeking a final Delaware court judgment against former auditor Mazars after winning a $22 million arbitration award, arguing the firm’s abrupt resignation during heightened U.S. regulatory pressure caused significant financial and operational harm…
Read More

Continue Reading
Crypto Currency

Bitcoin Price Update: Bulls and Bears Both Get Tested as Market Eyes $60,000 Support

The post Bitcoin Price Update: Bulls and Bears Both Get Tested as Market Eyes $60,000 Support appeared first on Coinpedia Fintech News Bitcoin was sitting under pressure around $61,200 when it suddenly reversed and shot all the way up to $64,600 in a sharp, fast move that took most traders by surprise…

The post Bitcoin Price Update: Bulls and Bears Both Get Tested as Market Eyes $60,000 Support appeared first on Coinpedia Fintech News
Bitcoin was sitting under pressure around $61,200 when it suddenly reversed and shot all the way up to $64,600 in a sharp, fast move that took most traders by surprise…
Read More

Continue Reading
Crypto Currency

Vanguard Warms to Crypto With Search for Digital Assets Chief

Bitcoin Magazine Vanguard Warms to Crypto With Search for Digital Assets Chief Vanguard is hiring its first head of digital assets to develop a long-term crypto and blockchain strategy. This post Vanguard Warms to Crypto With Search for Digital Assets Chief first appeared on Bitcoin Magazine and is written by Micah Zimmerman…

Bitcoin Magazine

Vanguard Warms to Crypto With Search for Digital Assets Chief
Vanguard is hiring its first head of digital assets to develop a long-term crypto and blockchain strategy.
This post Vanguard Warms to Crypto With Search for Digital Assets Chief first appeared on Bitcoin Magazine and is written by Micah Zimmerman…
Read More

Continue Reading