Mark Zuckerberg’s fortune has tumbled by $17.4-billion so far this year as Facebook faces fresh criticism over its treatment of critics and continues to grapple with the fallout from its response to Russian election meddling.
The Chinese Communist Party’s vision of a Web where governments pull the strings could wind up the model for the next billion users.
Ever since Chinese President Xi Jinping marked the opening of the first World Internet Conference in 2014, it was meant to usher in a new era of digital openness and project China as a champion of global cyber governance. Those promises are now starting to lie fallow.
With due respect to Tim Berners-Lee’s attempts to recreate the bright-eyed enthusiasm of the Internet’s early years, the Web is long past attempts at self-regulation and voluntary ethics codes.
On the same day the world’s largest company issues its biggest disappointment in years, US President Donald Trump, does an about-face on China.
Facebook CEO Mark Zuckerberg is betting the company’s future on video and disappearing posts called “stories”, not the company’s famous news feed. Investors are buying into the vision for now.
Apple CEO Tim Cook on Wednesday touted the importance of privacy and legislation to protect it, as the iPhone maker seeks to distance itself from Silicon Valley competitors under scrutiny for recent user data breaches.