Facebook slams former exec Palihapitiya, saying it 'was a very different company back then' -

Facebook slams former exec Palihapitiya, saying it ‘was a very different company back then’

Facebook slams former exec Palihapitiya, saying it 'was a very different company back then'




Fb on Tuesday rejected claims by former government Chamath Palihapitiya that the social media website is “ripping aside the social cloth of how society works.”

Palihapitiya has repeatedly criticized social media normally, saying it preys on human vulnerabilities and that he does not enable his youngsters to make use of it. However the Social Capital founder turned his feedback to his former employer particularly in current days, together with Tuesday morning on CNBC.

Fb hit again noting Palihapitiya hasn’t labored for the corporate for six years, and it mentioned it has undergone adjustments since.

Here is the complete assertion:

Chamath has not been at Fb for over six years. When Chamath was at Fb we have been targeted on constructing new social media experiences and rising Fb around the globe. Fb was a really totally different firm again then and as we have now grown we have now realised how our duties have grown too. We take our function very severely and we’re working exhausting to enhance. We have executed lots of work and analysis with outdoors specialists and lecturers to grasp the results of our service on well-being, and we’re utilizing it to tell our product improvement. We’re additionally making vital investments extra in individuals, expertise and processes, and – as Mark Zuckerberg mentioned on the final earnings name – we’re keen to scale back our profitability to ensure the suitable investments are made.

Whereas Palihapitiya did not particularly name out Fb by identify on CNBC, he is made pointed criticism a number of occasions just lately about how damaging social media has been to U.S. society — and has particularly mentioned he feels “large guilt” about what he helped carry into existence.

Social media exploits “our personal pure tendencies in human beings to get and need suggestions,” he mentioned on CNBC. “How will we dwell in a world the place that’s now potential?” he requested.

He additionally made it clear he was not attacking Fb immediately.

“I owe these guys every thing,” he mentioned. “They made me.”