Save the World, Fire Mark Zuckerberg
Firing Mark Zuckerberg is a metaphor for creating a better internet.
Investors and shareholders alike, mostly think Facebook needs new direction and leadership.
Recently, it’s been coming to light. The most entitled Millennial on the planet has some issues. Mark Zuckerberg’s spectacular failure of leadership shows why some Facebook investors are desperate to fire him.
The New York Times’ recent exposé on Facebook’s crisis management is a case in point, you can read it here. It shows how Mark Zuckerberg failed when it mattered most, when democracy was being hacked and a crisis filled 2018 tested our patience, encouraging us to delete Facebook’s apps.
Facebook Need to be Broken up
The problem is you can’t fire this Millennial. Zuckerberg isn’t just the founder, CEO, and chairman. He also personally controls nearly 60 percent of the voting power of Facebook shares, so only by breaking up Facebook into sub companies could you save advertising and consumers from the mismanagement.
Mark Zuckerberg is the like the entitled Millennial who never dies, never appearntly knows how to keep up besides doing advertising. You can delay, deny and deflect your way out of a crisis, but don’t call that leadership!
Based on interviews with 50 people, the NYT’s article is 6,000 words and rich with devastating anecdotes and mini-scandals. All roads lead to Facebook’s CEO and chairman, Mark Zuckerberg and there’s increasing evidence he’s a failure. Any normal company would have booted its leader and realized a new CEO is better for the future of the company.
From Sheryl Sandberg demphasizing Russian meddling to Facebook really not understanding that privacy to users was important, Facebook crossed many lines without realizing the future dangers to its company and reputation.
Zuckerberg has appeared uninterested and threatened by news about the site’s fake news problem, and the fact it’s been hacked for a very long time, and now even Instagram is the new arena for political meddling coordinated foreign agents.
In the heat of the Cambridge Analytica data debacle, Facebook was criticized by Apple CEO Tim Cook. He then went on to order his executives to use only Android smart phones. He was so riled. I really don’t get this guy.
If Millennial leaders cannot take responsibility they should not be the ones leading their organizations. Let’s face it, the world has spoiled Mark Zuckerberg, and it isn’t any better for it.
The problem with all this from a business perspective is clear, Zuckerberg’s failures are red meat for furious investors. Facebook’s stock like Apple’s has been showing signals its in trouble. Nobody wants to be invested in companies that manipulate and exploit the public and profit from American discord, fake news and political civil unrest.
Technology cannot save the world unless you break up monopolies that are harming it. You could make a good case that Facebook is the first real culprit. By separating the company into parts, you would lesson the digital advertising monopoly it has on targeted ads and how Instagram has achieved dominance by unfair practices.
Facebook has connected more than 2.2 billion people, but it has proven its not an ethical company. The backlash against it in some camps and among more idealistic investors and young people is becoming considerable. While it’s growing in Asia, the same cannot be said for the West, where the most valuable users live and reside.
It’s doubtful Zuckerberg’s feet will ever be held to flames by an independent chairman. This is because Zuckerberg does not know what things like leadership, justice or accountability really mean.
Facebook accumulated one of the largest-ever repositories of personal data, a treasure trove of photos, messages and likes that propelled the company into the Fortune 500. But what happens when companies get too big and are mismanaged? At what point do they violate anti-trust laws, and why aren’t we blowing the whistle on this company louder?
- Facebook was irresponsible with user data and third party apps
- Facebook was and is used to exploit and disrupt elections, broadcast viral propaganda and inspire deadly campaigns of hate around the globe
- Facebook choose growth and profits over regulating its algorithms effectively, and the consequences on all of us have been very dire.
Mr. Zuckerberg has conducted a public apology tour yet fails to correct the most glaring problem at Facebook, the fact that he doesn’t have the experience or the ability to be its CEO. The fact that if he continues with his status-quo Facebook will be broken up.
Facebook isn’t just a monopoly, it’s a dictatorship and it’s threatening democracy and the media while hacking capitalism in the worst possible way for the future of technology.